Tata Motors to raise vehicle prices by up to 1.5%

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Tata Motors is looking to raise prices by 1-1.5 per cent across its range of commercial and passenger vehicles. Tata Motors is looking to raise prices by 1-1.5 per cent across its range of commercial and passenger vehicles.
SummaryOn Thursday, Hyundai has said it would raise prices by up to Rs 20,000 for most of its vehicles.

Tata Motors Ltd, India's largest automaker by revenue, is looking to raise prices by 1 per cent-1.5 per cent across its range of commercial and passenger vehicles, following similar moves by rival carmakers.

The price increase comes on the back of higher input costs, a company spokeswoman said on Friday.

On Thursday, Hyundai Motor's India unit said it would raise prices by Rs 4,000 to Rs 20,000 for most of its vehicles, citing a weaker rupee and inflation. General Motors and Toyota Motor Corp have also raised prices in the country.

Rising fuel prices and interest rates in a slowing economy have hurt the Indian automobile market, and vehicle sales are expected to fall in the current fiscal year ending March 2014.

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