Tata Motors hits a 52-week high after automobile firm announces price hike of commercial vehicles; signs deal with MM group

Tata Motors Share Price: Tata Motors hits a 52-week high of Rs 827.70 in morning deals on BSE on Tuesday (January 23, 2024) after the automobile company announced to increase the price of its passenger vehicles, and signed a vehicle distribution agreement with MM Group.

After the stock of the large-cap firm closed at Rs 819.00 on Monday evening, it started trading at Rs 824.00 on Tuesday morning.

The stock hit a 52-week high soon. It was trading lower by 0.35 per cent, or Rs 2.90, at Rs 816.10 at 10:50 am on Tuesday. 

Earlier, Tata Motors announced that it would increase the prices of its passenger vehicles by an average of 0.7 per cent starting February 1.

Tata Motors also announced that it had signed an agreement with MM Group for the distribution of commercial vehicles in Egypt.