NEW DELHI, Dec 13: Ashok Leyland, the flagship company of the Hinduja group, announced on Friday that it will be raising prices of its commercial vehicle lineup by as much as 3 percent beginning in January 2025. This increase is aimed at partially offsetting the effects of inflation and higher commodity costs.
According to the company’s statement, the price adjustments will differ based on specific models and variants, but all products in the range will be impacted.
The decision to raise prices comes as a response to ongoing inflation and escalating commodity prices, the firm noted.
Ashok Leyland stated that this pricing strategy will assist in alleviating some of the burdens posed by rising input costs.
In related news, Tata Motors also announced on Thursday that it plans to increase prices in its truck and bus portfolio by up to 2 percent, effective January 1, 2025, due to rising input costs.
Additionally, several passenger vehicle manufacturers, including Maruti Suzuki, Hyundai Motor India, and Tata Motors, as well as luxury car brands like Mercedes-Benz, BMW, and Audi, have declared intentions to raise their vehicle prices starting in January. (PTI)
