Tata Motors to hike commercial vehicle prices by up to 2% from January

Tata Motors Ltd said it would increase prices of its commercial vehicles by up to 2% from January to partly offset a steep rise in input costs

Indian automaker Tata Motors Ltd said on Tuesday it would increase prices of its commercial vehicles by up to 2% from January to partly offset a steep rise in input costs.

The company's third price increase in the commercial segment this year will be applicable across all vehicles, but vary across models and variants, it said in an exchange filing.

"The company has been absorbing a significant portion of the increased costs, but the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike," the company said.

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