19-06-2024 11:56 AM | Source: Reuters
India's Tata Motors to hike prices of commercial vehicles
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Tata Motors said on Wednesday it will increase prices of its commercial vehicles by up to 2%, effective July 1 to offset the impact of rising commodity prices.
Tata Motors, India's top automaker by revenue, had last hiked prices for its commercial vehicles by up to 2% in March.
The company said in an exchange filing that the price increase will apply across the lineup, but vary according to models and variants.
Shares of Tata Motors have risen 26.6% so far this year and is currently down 0.2%.
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