Tata Motors to hike prices of commercial vehicles

Auto major Tata Motors said the company will increase the prices of its commercial vehicles up to 2 per cent from January 2023.

While the price increase will vary as per individual model and variant, it will be applicable across the entire range of commercial vehicles.

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.