New Delhi, June 19 -- Tata Motors announced a price hike of up to 2.5 per cent across its commercial vehicle range, effective July 1, as automakers continue to face pressure from rising input costs amid the ongoing West Asia conflict.
The latest increase marks Tata Motors' second price revision in three months. The company said the hike is aimed at partially offsetting the impact of higher commodity prices and other input cost pressures.
The price revision comes amid concerns over rising costs across the automobile supply chain, including raw materials and logistics expenses.
Meanwhile, Tata Motors has joined the government's scheme aimed at encouraging the replacement of old trucks and buses in Delhi-NCR.
Under a memorandum of understa...