Tata Motors, Ashok Leyland Increase Vehicle Prices - Details

India’s commercial vehicle market is bracing for a price hike as two of the country’s leading manufacturers, Tata Motors and Ashok Leyland, announce adjustments to their pricing structures, effective January 1, 2025.

Tata Motors to Implement Up to 2% Hike
Tata Motors, the country’s largest commercial vehicle manufacturer and a prominent global automotive player, has announced a price increase of up to 2% across its truck and bus portfolio. In a press release, the company stated that the adjustment is necessary to address rising input costs.

“While the price increase will vary as per individual model and variant, it will be applicable across the entire range of trucks and buses,” Tata Motors clarified in the statement,

Ashok Leyland Follows Suit 
Ashok Leyland, the flagship company of the Hinduja Group and another leading player in India’s commercial vehicle market, has announced a price increase of up to 3% across its entire range of commercial vehicles.

The company attributed the decision to inflation and escalating commodity prices, which have significantly raised production costs.

"The extent of price increase will vary depending on model and variant, however all products across the range will be affected. Inflation and higher commodity prices have necessitated this price increase. This move will help mitigate a part of the input cost impact," Ashok Leyland stated, adding that the adjustment is essential to offset input cost pressures.

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