Tata Motors to raise commercial vehicle prices by up to 2.0 pc to offset costs

BENGALURU, Dec 13 (Reuters): Indian automaker Tata Motors Limited said on Tuesday it would increase prices of its commercial vehicles by up to 2.0 per cent from January to partly offset a steep rise in input costs.

The company's third price increase in the commercial segment this year will be applicable across all vehicles, but vary across models and variants, it said in an exchange filing.

"The company has been absorbing a significant portion of the increased costs, but the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike," the company said.

While prices of commodities such as steel and aluminium have corrected from highs this year, costs related to building vehicles such as trucks and buses are still elevated, analysts have said.