Tata Motors to hike prices of its commercial vehicles from October 1
Tata Motors will increase the price of its commercial vehicle range with effect from October 1, 2021.
Tata Motors on Tuesday announced that it will increase the price of its commercial vehicle range with effect from October 1, 2021. The effective price hike, in the range of 2 per cent, will be implemented based on the model and the variant of the vehicle.
The decision has been taken by the company considering the price rise of the commodities like steel, metals etc.
"The continued rise in the cost of commodities, such as steel and precious metals, necessitates the company to pass on a part of it through increase in price of the products," the company said in a statement.
See Zee Business Live TV Streaming Below:
"The company has further strived to minimise the increase in the price by absorbing a certain portion of the cost at various levels of manufacturing. Further, Tata Motors continues the efforts to deliver the lowest total cost of ownership for its customers and fleet owners," it added.
Tata Motors is a USD 35 billion organization and is one of the leading global automobile manufacturers of cars, utility vehicles, pick-ups, trucks and buses. Also, part of the USD 113 billion Tata group, Tata Motors is India's only OEM offering extensive range of integrated, smart and e-mobility solutions.
It has operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 103 subsidiaries, 10 associate companies, 3 joint ventures and 2 joint operations as on March 31, 2020.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
01:02 PM IST