Tata Motors hikes prices of commercial vehicles by up to 2%; third hike in 2024

Tata Motors announced on Wednesday that it will increase the prices of its commercial vehicles by up to 2% starting July 1, 2024. This move aims to offset the rising commodity prices impacting the automotive industry. The price hike will be applied across Tata Motors' entire range of commercial vehicles, with variations depending on the specific model and variant.

Price hike by Tata Motors

This is the third price increase by Tata Motors this year. The company had previously raised prices by up to 2% on April 1, 2024, to mitigate the residual impact of earlier input cost hikes. Prior to that, the automaker had increased the prices in January by up to 3%

Tata Motors, a leading manufacturer of commercial vehicles in India, including trucks and buses, remains committed to delivering high-quality products despite the challenging economic environment. The company continues to monitor market conditions and adjust its strategies accordingly.

Tata Motors is also splitting its commercial vehicle and passenger vehicle businesses and is considering an eventual merger of its electric vehicles business—a step-down subsidiary—with the PV unit after the demerger exercise concludes.

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