Mumbai (Maharashtra) [India], May 7 (ANI): Tata Motors said on Friday it will increase prices of its passenger vehicles by an average of 1.8 per cent due to rising input costs.

"Increase in prices of commodities, such as steel and precious metals, necessitates us to pass on a part of it through increase in price of our products," Tata Motors President Passenger Vehicles Business Shailesh Chandra said.

"Keeping in mind the interest of customers who have booked cars already, we are offering price protection for all bookings done till date (on or before May 7). This price increase will be effective for bookings made thereafter (effective May 8)."

Tata Motors sells a range of vehicles starting from entry hatchback Tiago to newly-introduced Safari SUV, priced between Rs 4.85 to Rs 21.4 lakh (ex-showroom Delhi), besides Harrier and Nexon.

The company recently set in motion a comprehensive 'Business Agility Plan' to protect and serve the interests of its customers, dealers and suppliers.

(ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)