Small BusinessTruck prices moving north
Commercial vehicle makers including Tata Motors, Volvo and Ashok Leyland have hiked or are considering raising prices of trucks by up to four per cent this month to offset rising input costs, even as the segment saw return of demand.
Leading automaker Tata Motors has increased prices of all heavy vehicles (16 tonnes and above) and some models in the lower tonnage (3.5-7 tonnes) by one per cent from this month.
Prices of steel, a major input, have gone up by about $60-80 to over $550 a tonne in the past two months due to rise in demand and increase in input cost.