Tata Motors Ltd. has hiked prices of buses and trucks by up to 2% this month because of rising input costs, a company spokesman told Reuters on Monday.
“We have increased prices because of higher costs of steel and tyres,” the spokesman reportedly said adding the increase would only partially offset the growing costs.
Reuters noted that the company kept its car prices unchanged.
Earlier this month, Tata Motors reported sales of buses and trucks had risen 40% in September, the report added.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData