Indian automobile manufacturer Ashok Leyland (NSE:ASHOKLEY, BOM:500477) plans to increase the price of its entire commercial vehicles range by up to 3% on effective January 2025, according to a Friday filing to the stock exchanges.
The quantum of price hike will depend on model and variant of the vehicle.
The company said, the decision to raise prices was driven by the high inflation and increase in commodity prices. This will help the partly mitigate the high input cost.
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