Mumbai, September 18, 2023.

Tata Motors, a commercial vehicle manufacturer, on Monday has announced that it will increase prices of its vehicles, effective 1 October 2023, up to 3 per cent, through an exchange filing.

"The price increase is to offset the residual impact of the past input costs, and will be applicable across the entire range of commercial vehicles," Tata Motors said in the regulatory filing.

The automobile manufacturer had increased the cost of passenger vehicles by 0.6 per cent in May making it the second increase in 2023. The first hike was in January with an increase of 1.2 per cent.