Tata Motors announces 2% price hike for commercial vehicles from July 1

Tata Motors Limited announced on June 19 that it will raise prices for its range of commercial vehicles by up to 2%, effective from July 1, 2024. This increase is due to escalating commodity prices and will be applied across all models and variants.

Part of the USD 150 billion Tata Group, Tata Motors Limited has a turnover of USD 44 billion. The company is a leader in India’s commercial vehicle sector and ranks among the top three in the passenger vehicle market.

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As of 11:38 AM, Tata Motors shares were trading 0.25% lower at ₹983.40 on the NSE.