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Tata Motors set to raise prices of commercial vehicles from July 1, at higher cost



Tata Motors to increase prices of commercial vehicles

New Delhi:

Tata Motors on Tuesday said it will increase the prices of its commercial vehicles by 1.5 to 2.5 per cent with effect from July 1, to partially offset rising costs.

Tata Motors said in a regulatory filing that the increase would be in the commercial vehicles category and the quantum would depend on the individual model and variant.

“While the Company takes comprehensive measures to absorb a significant portion of the increased input costs at various levels of manufacturing, the sharp increase in overall input costs has made it imperative to pass on the residual ratio through minimum price increases.”

In April, Tata Motors had hiked prices of its passenger vehicles by 1.1 per cent and commercial vehicles by 2 to 2.5 per cent to partially offset rising costs.