(Reuters) -Automakers Tata Motors and Maruti Suzuki India said on Monday that they will increase the prices of vehicles to offset raw material and operational costs. Tata Motors will hike prices of its commercial vehicles,

The auto major says the price increase is to offset the rise in input costs and will vary as per individual model and variant

Tata Motors, a commercial vehicle manufacturer offering its products in the Indian market has announced a price hike for its model range in the country. Specifically, the prices of the various models will be increased by up to 2 per cent depending on the model and the variant starting 1 April 2025.

Tata Motors, Samvardhana Motherson to be impacted by Trump tariffs: Moody's says For the third quarter, Tata Motors reported a 22.5% year-on-year (YoY) decline in net p

The price increase is to offset the rise in input costs, and will vary as per individual model and variant, Tata Motors said in a regulatory filing

Tata Motors and Maruti Suzuki have announced price hikes of up to 4% for vehicles starting April 2025 to counter rising input costs.

Maruti Suzuki India Ltd. 532500 shares inched up 0.42% to 11,557.50 Indian rupees Monday, on what proved to be an all-around favorable trading session for the stock market, with the BSE SENSEX Index 1 rising 0.

Maruti Suzuki India , the country's top carmaker, said on Monday it will hike car prices by up to 4% from April 2025, due to rising raw material and operational costs.

Maruti Suzuki has confirmed an upcoming price hike of up to 4 percent for its entire model line-up. Set to go into effect starting April 2025, the price increase is claimed to be a result of rising input costs and operational expenses for the carmaker.

Maruti Suzuki, India's largest car manufacturer, has announced a price hike of up to 4per cent on its vehicles, effective April 2025. According to Maruti Suzuki, the company cited rising input costs and operational expenses as the primary reasons for this decision.