Indian automaker Tata Motors said on Thursday it will increase prices of its commercial vehicles, including trucks and buses, by up to 2% from January. The company had previously said it would raise prices of its cars by 3% in January.

Tata Motors announces 2% price hike on trucks and buses to offset input cost increase, impacting stock performance.

Tata Motors will hike truck and bus prices by up to 2% from January 2025 amid rising input costs. Shares remain under pressure after weak Q2FY25 results and declining commercial vehicle sales.

This marks Tata Motors' fourth price hike this year, reflecting the broader struggles faced by Indian automakers amid slowing demand after years of growth.

Earlier, major Indian automakers JSW MG Motor India, Mahindra and Mahindra (M&M) and Maruti Suzuki have announced the price hike of their respective vehicles from January 2025.

Tata Motors has confirmed a price hike for its entire vehicle lineup, which will come into effect from January 2025. This includes the company’s popular SUVs, electric vehicles (EVs), and other models.

Tata Motors on Thursday said it will increase prices of its trucks and buses portfolio by up to 2 per cent effective January 1, 2025, citing rising input costs.