Tata: Prices of commercial vehicles of Tata Motors will increase from January 1, know how much the price will increase

The country's leading automaker Tata Motors has announced to increase the prices of its entire Commercial Vehicle (CV) range in India with effect from January 1, 2022. The company has said that the increase in prices will be in the range of 2.5 percent depending on the models and the new prices will be applicable on a model and variant basis. Tata Motors is currently the largest commercial vehicle manufacturer in India and produces medium and heavy commercial vehicles (M&HCVs) as well as intermediate and light commercial vehicles (I&LCVs) and small commercial vehicles (SCVs) and buses. manufactures.

The new prices will be applicable on a model and variant basis.

In its official statement, Tata Motors has said that the price hike is mainly due to an increase in the prices of commodities like steel, aluminum, and other precious metals. Apart from this, the rising cost of other raw materials has also led to this price increase. The company has said that the increased material at various stages of manufacturing of the vehicles is driving up a significant portion of the cost. "The increasing overall input cost has made it imperative to increase the prices of commercial vehicles", the company said.