Auto giant Tata Motors have decided to marginally hike prices of its passenger vehicles from November 7.

In a statement, the company said, "Effective November 7, 2022, the weighted average increase will be 0.9 percent, depending on the variant and model."

According to media reports, the company explained that it has been bearing a great portion of the increased costsm. However, due to rising overall input costs, it has to pass some of the prices to the consumers through this minimal price hike.

It is to be mentioned that it has a number of famous passenger vehicles, such as Tiago, Punch, Nexon, Harrier, and Safari. The latest price hike will be applicable to all Tata cars.

Previously, Tata Motors said its sales in domestic and international market for October 2022 stood at 78,335 units compared to 67,829 units in October 2021, recording a growth of 15.49 percent.

In July 2022, the auto major had announced a marginal price hike of 0.55 percent for its Present Value (PV) range.

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