01/07/2008 18:22. July 1 (Bloomberg) -- Nissan Diesel Motor Co. , Volvo AB's Japanese truckmaking unit, will increase prices on domestic vehicles starting from today to help offset rising raw material costs.

Prices will be raised an average of 2.4 percent for heavy trucks and 3.4 percent for medium trucks, the Saitama prefecture based company said in a statement today.

Nissan Diesel's price increase follows other truckmakers including Hino Motors Ltd. , which raised prices for the first time in almost 17 years as steel aluminum and oil costs climb. Hino,... // Bloomberg