Tata Motors slashes car prices up to Rs 50,000

Tata Motors said it has cut prices of its hatchbacks and sedans by Rs 29,000-50,000 , in a bid to lure customers to a market that is on course in the current fiscal year to post the first decline in annual sales in a decade.

Tata Motors, however, raised prices of its sport-utility vehicles (SUVs) -the only bright spot in the Indian car market in recent months-by up to Rs 11,000, the spokeswoman, who declined to be identified by name, said.

The increase in prices of SUVs, after factory-gate taxes, will be as much as Rs 35,000, she added.

Reuters