Tata commercial vehicles to cost more from July 1st
Tata Motors, India’s largest commercial vehicle manufacturer, has raised the prices of its commercial vehicle range in the country. The price increment on the Tata commercial vehicles will be seen in the range between 1.5-2.5%, and will be seen into effect starting from July 1st. The price hike on the Tata's commercial vehicles will vary from model to model, depending upon individual models and variants.
Only recently, Tata also hiked the prices of its cars in the country. The company has blamed higher input costs for raising the prices of its passenger and commercial vehicles. It added that it has also taken ‘extensive measures’ to nullify a significant portion of the higher input costs. “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," the company quoted in a recent press note.
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Meanwhile, in April, Tata Motors announced a price hike across its passenger cars by as much as 1.1%. The new prices came into effect on April 23rd. This was the second price hike for Tata cars as in January'22 the prices were hiked by an average of 0.9%. Back then it rolled out a similar statement quoting the ‘steep rise in overall input costs’.