UPDATE 2-India's Tata Motors hit by steel price hike

Newswire

(Adds Daewoo plans, para 9 onwards) By Arif Sharif NEW DELHI, Feb 27 (Reuters) - India's biggest vehicle maker, Tata Motors Ltd , said on Friday it was battling a sharp jump in domestic steel prices which could force it to raise vehicle prices. Ravi Kant, Tata Motors's executive director for commercial vehicles, told Reuters the continuous increase in steel prices was pushing up prices across sectors and if this spiral continued it could hit the entire industry in six-eight months. ...

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