Tata Motors and M&M to hike Automobile prices

Tata Motors has raised the price ranging from Rs 5,000-8,000 on Indica and Indigo models. Utility vehicle maker Mahindra and Mahindra has also raised the prices of its Sport Utility Vehicle Scorpio between Rs 6,400 and Rs 9,300. While its Utility Vehicle Xylo has become costlier by Rs 4,600, Bolero sees Rs 4,800 hike. After Maruti Suzuki raised prices of its cars by up to Rs 10,000 last week, the second-largest car manufacturer of India, Hyundai Motor, is also contemplating a price rise.For Japanese car manufacturers including Honda Siel Cars and Toyota Kirloskar Motors Ltd, the appreciation of Yen is another factor for price hike

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