Tata Motors passenger vehicles likely to get costlier soon as CEO warns of rising commodity prices

Tata Motors is set to increase vehicle prices soon, citing persistent pressure from soaring commodity costs, particularly precious metals and copper. This move follows a year of rising input expenses, impacting the company's cost structure significantly. Other major automakers like Maruti Suzuki and Hyundai are also grappling with similar challenges and considering or implementing price adjustments to offset these increases.