Tata Motors to increase prices of its commercial vehicles from October 1

The effective price hike, in the range of 2%, will be implemented basis the model and the variant of the vehicle.

Sep 21, 2021 01:09 IST India Infoline News Service

Tata Motors
Tata Motors Limited, India’s largest commercial vehicle manufacturer, will increase the price of its commercial vehicle range in effect from October 1, 2021. The effective price hike, in the range of 2%, will be implemented basis the model and the variant of the vehicle.

“The continued rise in the cost of commodities, such as steel and precious metals, necessitates the company to pass on a part of it through increase in price of the products,” the company said in a filing on Tuesday.

The company has further strived to minimize the increase in the price by absorbing a certain portion of the cost at various levels of manufacturing. Further, Tata Motors continues the efforts to deliver the lowest total cost of ownership for its customers and fleet owners, it said.

At around 1.18 pm, Tata Motors Ltd was trading at Rs298.75 per piece down by Rs0.3 or 0.1% from its previous closing of Rs299.05 per piece on the BSE.

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