Tata Motors will raise prices of its commercial vehicles by up to 2.5% from July 1, the company said on Thursday, days after announcing a price increase of up to 1.5% for its passenger vehicle portfolio, as the automaker seeks to offset rising input costs.The commercial vehicle price increase, which will vary across models and variants, is aimed at partially mitigating higher commodity prices and other input costs, Tata Motors said in a statement. Last week, Tata Motors Passenger Vehicles said it would raise prices of its internal combustion engine and electric vehicle range by up to 1.5%, also effective July 1, citing sustained increases in input costs.Also Read: Tata Motors to increase prices of its cars & SUVs from July 1The latest move extends the price hikes across Tata Motors' domestic vehicle portfolio and comes as automakers continue to grapple with elevated raw material costs, prompting manufacturers to pass on part of the burden to consumers.Earlier this year, rival automaker Maruti Suzuki said it would raise vehicle prices by up to Rs 30,000 from June, while Hyundai Motor India increased prices from June 1.
Tata Motors raises commercial vehicle prices after hiking passenger vehicle rates
Tata Motors is raising prices for its commercial vehicles. The increase will be up to 2.5 percent starting July 1. This move follows a similar price hike for passenger vehicles. The company aims to manage higher commodity and input costs. This decision impacts Tata Motors' entire domestic vehicle range. Consumers will bear some of the increased expenses.
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