Tata Motors, India's top automaker by revenue, had earlier increased the prices of its commercial vehicles by up to 2 percent in March.

The company said the price hike will be applicable across the entire range of commercial vehicles, but will vary according to model and variant.

Tata Motors Limited, a $44 billion company, part of the $150 billion Tata Group, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses.