Tata Motors to increase prices of commercial vehicles from April; stock up 3%

Tata Motors share price: Shares of Tata Motors in Thursday’s (March 7) trade climbed up to 3 per cent to the day’s high price of Rs 1,046.85 apiece as the company announced a price hike of up to 2 per cent for commercial vehicles starting April 2024 to offset the impact of past input costs.

“Tata Motors, India’s largest commercial vehicle manufacturer, announced that it will increase the price of its commercial vehicles effective 1st April 2024, up to 2%. The price increase is to offset the residual impact of past input costs. While the price increase will vary as per individual model and variant, it will be applicable across the entire range of commercial vehicles,” said the company in its release.

Tata Motors has been on an uptrend and has scaled past Rs 1,000 levels after the auto major earlier this week announced the demerger of the company into two distinct listed entities.

Within the Nifty pack, the stock is the only constituent that has given 136 per cent returns in the past one year.

Earlier, the company announced a price hike for its commercial vehicles across the entire range of up to 3 per cent effective January 1, 2024. 

Part of the USD 128 billion Tata group, Tata Motors Limited, a USD 42 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks, and buses, offering an extensive range of integrated, smart, and e-mobility solutions.