Tata Motors to hike commercial vehicle prices by 2% from April
The company has attributed the price hike to offset the residual impact of the past input costs.
The company has attributed the price hike to offset the residual impact of the past input costs.
The price hike comes weeks after India's largest commercial vehicle company hiked prices of its model range in October.
The company is reportedly planning to hike prices owing to rising input costs.
The price increase is to offset the residual impact of the past input costs, the company says.
The company will be offering price protection to customers for bookings made up to July 16, and deliveries up to July 31.
The decision has been taken in line with the company’s efforts to comply with the move to more stringent BS6 Phase II emission norms.
The average price hike will be 1.2%, depending on the variant and model, says Tata Motors.
It has expanded service network to 705 workshops by adding 160 new ones.
The increase in the prices of commodities such as steel, aluminium and other precious metals led to this price hike.