Tata Motors today announced that the company would be increasing prices of its entire passenger vehicles range by up to Rs. 25,000, starting January 2018. This increase in price is due to rising input costs.

Mayank Pareek, President, Passenger Vehicle Business, Tata Motors, ''The changing market conditions, rising input costs and various external economic factors have compelled us to consider the price increase. We are optimistic on maintaining our growth trajectory in the coming year on the back of our robust product portfolio like TIAGO, HEXA, TIGOR and the recently launched NEXON.''

The introductory prices of the recently launched lifestyle compact SUV, NEXON, which comes with Level NEX Design, Performance and Technology features, will be ending by 31st December and this entire range will also witness a price hike from January 2018 by upto Rs. 25,000.

Shares of the company gained Rs 0.35, or 0.09%, to trade at  Rs 411.40.  The total volume of shares traded  was  260,867 at the BSE (1.18 p.m., Monday).