Tata Motors Ltd. on Sunday said it will hike prices of its commercial vehicles by up to 3% from Jan. 1, 2024, to offset the residual impact of the past input costs.
The increase will be applicable across the range of commercial vehicles, Tata Motors said in a statement.
Passenger vehicle makers such as Maruti Suzuki India Ltd., Hyundai Motor India Ltd., Tata Motors, Mahindra & Mahindra Ltd., Honda Motor Co. and Audi AG have also announced plans to increase vehicle prices in January.
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