India’s automaker Tata Motors has announced a price hike on its commercial vehicles. Tata Motors will increase the range of all its trucks and buses by up to 2 percent. This increase will be effective from January 1, 2025.
Along with Tata Motors, Ashok Leyland has also given a shock. This company is also going to increase the prices of its commercial vehicles by up to 3% from January 2025. Let’s know its details in detail.
According to the news of Business Standard, this price hike is being done due to the continuous increase in input costs, which is affecting the automobile industry. Tata Motors said that the price hike is to compensate for the increase in input costs.
The company aims to compensate for these increased costs through price adjustments. However, the price increase will vary depending on the specific model and variant. This will apply to all commercial vehicles offered by Tata Motors.
3 percent price hike
Earlier, Tata Motors had announced that a price hike of 3 percent will be implemented across its passenger vehicle portfolio, which will also include electric vehicles (EVs). The 3 percent price hike will be effective from January 1, 2025. This price hike will vary as per the model and variant.
Ashok Leyland price hike
Ashok Leyland said it is increasing the price of its commercial vehicle range by up to 3%, effective from January 1, 2025. The automaker said the extent of the price hike will vary depending on the model and variant.
The company said inflation and high commodity prices have made this price hike necessary. The move will help mitigate a part of the input cost impact.
Other companies also announced
Earlier, companies like Hyundai Motor India, Maruti Suzuki India (MSIL), Mahindra & Mahindra (M&M), JSW MG Motor, Audi, Mercedes-Benz, and BMW have also announced price hikes, which will also be effective from January 1, 2025.
