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Tata Motors, India’s leading automaker by revenue, has announced plans to raise prices for its commercial vehicles by up to 2%, effective July 1.
This move is aimed at counterbalancing the impact of escalating commodity costs. Earlier in March, Tata Motors had similarly increased prices for its retail vehicle range by up to 2%.
According to an exchange filing by Tata Motors, the upcoming price adjustment will be implemented across its entire commercial vehicle lineup.
The extent of the price increase will vary depending on specific models and variants within the portfolio.
Tata Motors’ decision to raise prices comes amid a 26.6% increase in its share price year-to-date. Despite this positive trend, the stock is experiencing a minor decline of 0.2%.
By raising prices, Tata Motors aims to mitigate the financial strain caused by rising commodity prices, ensuring sustained profitability and operational stability in the competitive commercial vehicle market.
This strategic adjustment reflects Tata Motors’ proactive approach to managing economic challenges while maintaining its market leadership in India’s automotive sector.
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