Due to the impact of various macro-economic factors, Tata Motors has announced an increase in the prices of its passenger vehicles, with the maximum increase being upto `20,000 on some models. The increase is effective from January 1, 2016. With over 8 million Tata vehicles plying in India, Tata Motors is the country’s market leader in commercial vehicles and among the top in passenger vehicles. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS and Russia.