Tata Motors hikes prices of passenger vehicles, cites rise in input costs

Tata Motors Ltd to hike prices of its passenger vehicles by 1.2% on a weighted average basis from February 1, citing a rise in overall input costs, the company said on Friday. The shares of Tata Motors, India's No.3 carmaker by volume, rose as much as 8.2% to a more-than-four-month high on Friday after the company reported its first quarterly profit in two years.

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