Tata Motors to Hike Vehicle Prices Soon Amid Rising Commodity Costs

• Tata Motors Passenger Vehicles Ltd (TMPVL) MD & CEO Shailesh Chandra announced an impending price hike.
• The price increase is due to sustained pressure from rising commodity costs, impacting revenues by over 2%.
• The company will announce the details of the price hike in the coming weeks.
• Maruti Suzuki India is also reviewing a potential price increase, citing 'phenomenal' rises in precious metal costs.
• Hyundai Motor India already increased prices in January, primarily for its Venue model, and continues to monitor commodity trends.