Tata Motors to hike commercial vehicle prices by up to 2% from January

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 automaker said in a release.In the quarter ended September, Tata Motors’ India business witnessed an over 33% year-on-year (YoY) rise in input costs to Rs 9.674 crore. Raw material cost as a percentage of sales was 65% in the quarter.

NSE 0.71 % on Tuesday said that the company will raise prices of commercial vehicles across variants by up to 2% from January.

“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 automaker said in a release.

In the quarter ended September, Tata Motors’ India business witnessed an over 33% year-on-year (YoY) rise in input costs to Rs 9.674 crore. Raw material cost as a percentage of sales was 65% in the quarter.

The hike in prices is unlikely to hamper demand in a significant way, given that the pipeline remains strong.

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