Auto major Tata Motors plans to hike prices of its passenger vehicles by about 1 per cent from January, 2014. Tata Motors has announced a price hike of One per cent for its passenger vehicles, effective from January-2014. "While there is to be about One per cent hike in our passenger vehicles pricing, the commercial vehicles business continues to review the situation and will take a call subsequently," a Tata Motors spokesperson told PTI.

The hike will be effective throughout their range, right from Nano to the Aria.

The Pune-based manufacturer seems to be going through a rough patch with the sales of its vehicles having dropped by 39 per cent in November 2013 as compared to November 2012’s sales. Tata has been mulling a price hike across its passenger vehicle range since July to mitigate the impact of the volatility in rupee and rising input costs.

Maruti and Hyundai had cited rising input costs as the main reason for hiking the prices, across their entire model range, from next month but had not specified the quantum of the expected increase.
Earlier in the month, Honda Cars India had announced to take a price hike from first week of next month to partially offset impact of adverse exchange rate and inflation.