Facing rising raw material costs, Hino truck may vehicle prices

Hino Motors Ltd., Japan's largest maker of heavy trucks, may increase domestic vehicle prices because of rising raw material costs.

``We can't fully absorb surging raw material costs even though we are making efforts,'' Yoshihiro Udagawa, a company spokesman said in a telephone interview today. He declined to comment on when or by how much the company will raise prices.

Hino and Mitsubishi Fuso Truck & Bus Corp. will this year increase the prices of trucks by 3 percent to 5 percent because of the rising cost of steel, resins and other materials, the Nikkei newspaper said today. Isuzu Motors Ltd. is also considering lifting prices, it said.

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