Motors, India’s largest commercial vehicle manufacturer, has announced an
impending price hike of its commercial vehicle range. An increase in price in
the range of 2.5%, will be implemented from January 1, 2022 and will be put
into effect across segments – M&HCV, I&LCV, SCV and Bus, basis
individual model and variant of the vehicle.
increase in the prices of commodities such as steel, aluminium and other
precious metals, in addition to higher costs of other raw materials has incited
this price hike commercial vehicles. While the company is absorbing a
significant portion of the increased costs at various levels of manufacturing,
the steep rise in overall input costs makes it imperative to pass on some
residual proportion via a minimal price hike.
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