India’s largest commercial vehicle manufacturer Tata Motors has announced an impending price hike of its commercial vehicle range.
According to a press release from the company, an increase in price in the range of 1.5-2.5%, will come into effect from July 1, 2022, across the range, depending upon individual model and variant.
While the company takes extensive measures to absorb a significant portion of the increased input costs at various levels of manufacturing, the steep rise in overall input costs makes it imperative to pass on a residual proportion via a minimised price hike, the company added.