Tata Motors Announces Price Increase for Commercial Vehicles Starting July 2024
Tata Motors, a leading global automobile manufacturer, has announced a price increase for its commercial vehicles, effective from July 1, 2024. The price adjustment, up to 2%, is being implemented to counterbalance the escalating costs of commodities.
Impact of Rising Commodity Prices
The decision to raise prices comes as a response to the rising costs of essential commodities, which have significantly impacted production expenses. This price increase will be applicable across its entire range of commercial vehicles, with variations depending on the specific model and variant.
About Tata Motors
Tata Motors Limited, part of the USD 150 billion Tata Group, is a USD 44 billion organization that stands at the forefront of the global automobile industry. With listings on the Bombay Stock Exchange (BSE: 500570 and 570001) and the National Stock Exchange (NSE: TATAMOTORS and TATAMTRDVR), which is renowned for its extensive range of vehicles, including cars, utility vehicles, pick-ups, trucks, and buses.
Innovation and Sustainability
Tata Motors operates state-of-the-art design and R&D centers across India, the UK, the US, Italy, and South Korea. The company’s brand promise, “Connecting Aspirations,” drives its commitment to bringing new, innovative products to the market that captivate the imagination of GenNext customers.