Tata Motors to raise commercial vehicles prices from January 2023

13 Dec 2022 , 12:30 PM

Tata Motors, India’s largest commercial vehicle manufacturer, will raise commercial vehicle prices by up to 2% beginning in January 2023. While the price increase will vary depending on the model and variant, it will apply to the entire fleet of commercial vehicles.

The company has been absorbing a significant portion of the increased costs, but the sharp increase in overall input costs has forced it to pass on a portion of the increase through this minor price increase, said the company on Tuesday.

Tata Motors strives to bring new products that pique the interest of GenNext customers, aided by state-of-the-art design and R&D centres in India, the United Kingdom, the United States, Italy, and South Korea.

With a focus on engineering and tech-enabled automotive solutions for the future of mobility, the company’s innovation efforts are focused on developing pioneering technologies that are both sustainable and suited to the market’s and customers’ evolving aspirations.

At around 12.33 PM, Tata Motors was trading at Rs419.25 up by 1.24% from its previous closing of Rs414.10 on the BSE. The scrip touched an intraday high and low of Rs421.30 and Rs417.30 respectively.

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