Chennai

From July 1, the commercial vehicles of Tata Motors Ltd will turn costly as the company announced a price hike on Tuesday.

The price hike will be in the range of 1.5-2.5 per cent of the existing prices.  

According to Tata Motors, this has been necessitated to absorb a significant portion of the increased input costs, at various levels of manufacturing.

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“The steep rise in overall input costs makes it imperative to pass on a residual proportion via a minimised price hike," the company said.