Mumbai : Tata Motors, renowned as India’s foremost commercial vehicle manufacturer, has made an official announcement regarding its decision to implement a price increase for its commercial vehicle lineup, effective from the 1st of April 2024. This strategic adjustment will see prices surge by up to 2%, a measure undertaken to mitigate the lingering impact stemming from past escalations in input costs.
This incremental adjustment in pricing will be tailored to individual models and variants within the commercial vehicle range, ensuring a balanced approach across the entirety of Tata Motors’ offerings in this sector. By applying this increase uniformly across their portfolio, Tata Motors aims to maintain competitiveness while navigating the economic landscape and preserving the quality and reliability synonymous with their brand.
The share price of Tata Motors is currently trading 2% higher at 1037.95 rupees.