Tata Motors on Friday hinted that it may increase the prices of its cars due to continued pressure on margins because of increased input and freight costs.
"For the last two years, cost of inputs has been on an increase. Don't be surprised at price hikes," Tata Motors senior vice-president (passenger cars) Rajiv Dube said in New Delhi.
Notably, car market biggies Maruti Udyog and Hyundai India have upwardly revised prices of their models only recently, citing rising pressures due to hike in prices of inputs and freight.
Asked when would the company take a final call on price revision, Dube refused a direct reply, saying: "It would be announced at an appropriate time."
Tata Motors introduced turbo-charged diesel variants of its hatchback Indica, priced at Rs 410,000 and Rs 430,000, respectively (ex-showroom Delhi).
The company's passenger vehicles sales, including cars, fell by two per cent in the first half of this fiscal to 84,141 units from 85,948 units in the same period last fiscal.
Dube said the company would be "able to cover" this loss in numbers in the second half of this fiscal. "We are hopeful to cover the fall in numbers in the remaining six months," he said.
He said apart from the new Indica, sales were expected to come from the new variants of the SUV Safari and the mid-size Indigo.
Asked how the company was looking at synergising operations with Fiat Auto, with whom it recently signed an MoU, he said a roadmap was being drawn for cooperation not only in India but also foreign markets.


