Tata Motors to increase CV prices from July 1

Chennai: Come July 1, commercial vehicles of Tata Motors Ltd will turn costly as the company announced a price hike on Tuesday.

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According to Tata Motors from July 1, onwards there will be a price hike of 1.5-2.5 percent of its commercial vehicles.

The percentage of hike will depend upon the individual model and variant.

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“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 said.

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Indo-Asian News Service or IANS is a private Indian news agency. It was founded in 1986 by Indian American publisher Gopal Raju as the "India Abroad News Service" and later renamed. The service reports news, views and analysis from the subcontinent about the country, across a wide range of subjects.
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