Chennai, June 28 (IANS) Come July 1, commercial vehicles of Tata Motors Ltd will turn costly as the company announced a price hike on Tuesday.According to Tata Motors from July 1, onwards there will be a price hike of 1.5-2.5 per cent of its commercial vehicles.The percentage of hike will depend upon the individual model and variant."While the company takes extensive measures to absorb a significant portion of the increased input costs, at various levels of manufacturing, the steep rise in overall input costs makes it imperative to pass on a residual proportion via a minimised price hike," the company said.
--IANS vj/svn/
(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)
