Tata Motors slashes hatchback, sedan prices by up to Rs 50,000

New Delhi: 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 35,000 rupees, she added.

Tata Motors, however, raised prices of its sport-utility vehicles (SUVs) by up to Rs 11,000.

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