Tata Motors Commercial Vehicles
Tata Motors Commercial Vehicles

Homegrown auto major Tata Motors on Monday said it will hike prices of its commercial vehicles in the range of 2.5 per cent from January 1 to offset the increase in commodity and raw materials costs. The price hike will be across segments of medium and heavy commercial vehicles (M&HCV), intermediate and light commercial vehicles (I&LCV), small commercial vehicles (SCV) and buses, based on individual model and variant of the vehicle, Tata Motors said in a regulatory filing.

“The increase in the prices of commodities such as steel, aluminium and other precious metals, in addition to