Tata Motors to hike passenger vehicles' prices

Tata Motors, the largest automotive manufacturer in India is planning to hike its passenger vehicles' prices to offset its input costs, this festive season. The increase in input cost will be passed on to the consumers, said Mayank Pareek , president of Tata Motor’s passenger vehicles business unit.

The stock is trading at Rs 542.85 on an intra-day basis on Monday at 12.25 pm. The stock is up by Rs. 8.10 or 1.5 per cent. Owing to festive seasons Tata Motors' stock is expected to do well in coming months.

Over one year period the stock is up by 81.79 per cent. Over one month the stock is up by 2.7 per cent. This year the automobile stocks have been on tear with traction seen in both two-wheelers and four-wheelers segments. The BSE auto index has been an outright out-performer with the index gaining almost 27 per cent over one-year period. On Monday, the auto index is up by almost 2.23 per cent or 496 points at 22,728 levels.