Another price hike and the blame is still on the input costs!
Tata Motors, a major player in the country's commercial vehicle space, has announced a price hike across its portfolio, with effect from July 1, 2022. The prices of Tata CVs would go up by up to 1.5-2.5%, varying across models and variants.
This could be the third price revision of 2022. The manufacturer had previously announced a price hike for its commercial vehicles in April. Like most of the previous times, Tata Motors has put the blame for the revision on the rising input costs at various levels of manufacturing. The proposed hike happens because the manufacturer was not able to absorb the entirety of the increased cost of manufacturing.