Company cited "steep increases in input costs" as the reason for the price increase.
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Commercial vehicle major, Tata Motors will be increasing the prices of its CV range up to 2 percent from January 2023. The price increase will vary based on the model and variant, but will apply to all commercial vehicles.
The company said in a statement that the reason for the price hike was because of the “steep rise in overall input costs”.
Earlier in November, the company hiked the prices of its PV portfolio for the fourth time in 2022, citing “steep rise in overall input costs” as the reason as well. PV range price hike has been around 3.45% – 0.9% on January 18, 1.1% on April 23, 0.55% on July 9 and 0.9% on November 7.
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