Tata Motors Increases Commercial Vehicle Price by 3% from oct 2023
Tata Motors is an Indian multinational automotive corporation that produces a wide range of vehicles, from cars and trucks to buses.
Earlier, the company had increased prices by 1.2% in January and 5% in March to ensure its vehicles comply with the new emission norms.
Tata Motors, India's largest commercial vehicle manufacturer, has announced that it will increase the prices of its vehicles by up to 3% from October 1, 2023.
The implementation date for up to 3% will be October 1, 2023. The price increase is to offset the residual impact of previous input costs, and will be applicable across the entire range of commercial vehicles.
This will lead to more revenue for the company in the next quarter, assuming sales continue to grow.