Tata Motors to increase price by up to 2.5% of commercial vehicles effective July 1

29 Jun 2022 , 09:16 AM

Tata Motors, India’s largest commercial vehicle manufacturer, has announced on Tuesday an impending price hike of its commercial vehicle range.

An increase in price in the range of 1.5-2.5%, will come into effect from July 01, 2022 across the range, depending upon individual model and variant, the compant said in a regulatory announcement.

“While the company takes extensive measures to absorb a significant portion of the increased input costs, at various levels of manufacturing, the steep rise in overall input costs makes it imperative to pass on a residual proportion via a minimised price hike”, it further added.

On Wednesday eaerly morning trade, Tata Motors was trading at Rs412.15 per share lower by 1.17% on the BSE.