NEW DELHI: Tata Motors (TaMo) on Sunday said it will hike prices of its commercial vehicles (CV) by up to 3 per cent from January 1, 2024, to offset the residual impact of the past input costs.

The increase will be applicable across the range of commercial vehicles, Tata Motors said in a statement. Passenger vehicle makers such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Honda and Audi have also announced plans to increase vehicle prices in January.