Tata Motors announces price cut across its line-up

Earlier in the day, while talking about Tata Motors' sales figures, we shared with you what Karl Slym, the MD of Tata Motors was planning to do, in order to make up for the lost market share and the declining sales figures. Now Reuters India reports that Tata has just given its products a massive price cut.

According to the report, prices of the hatchbacks (Indica and Vista) will see a price cut of something in the region of Rs 29,000 to Rs 50,000. This will not only help Tata fight competition, it will also enable the prospective customers to buy Tata products at a cheaper price. 

But at the same time, the prices of Tata's SUVs have been hiked by up to Rs 11,000, an amount that can reach up to 35,000 rupees, by the time the vehicle leaves the factory (thanks to the factory gate taxes). Prices for the Nano remain unchanged. 

Source: Reuters