Tata Motors To Hike Commercial Vehicle Prices Starting July 1, 2024; Details Inside

Tata Motors To Hike Industrial Automobile Costs Beginning July 1, 2024; Particulars Inside

Tata Motors introduced that it’s going to improve the worth of its business autos efficient July 1, 2024, as much as 2%.

Tata Group
Tata Group

New Delhi: In a significant announcement, Tata Motors Restricted has introduced that it’s going to improve the costs of its business autos (CV) by as much as 2%, ranging from July 1, 2024. The corporate attributed this value hike to the rising prices of commodities in a submitting with the BSE and NSE inventory exchanges. The worth hike can be relevant throughout your complete vary of economic autos, and can range as per particular person mannequin and variant, Tata Motors stated in an announcement.

Earlier this yr, the corporate had introduced a value hike by as much as 2 per cent from April 1, 2024 to offset the residual impression of the previous enter prices. Tata Motors is a number one producer of economic autos, together with vehicles and buses, in India.

“Tata Motors introduced that it’s going to improve the worth of its business autos efficient July 1, 2024, as much as 2%. The worth improve is to offset the impression of rising commodity costs. It will likely be relevant throughout your complete vary of economic autos and can range as per particular person mannequin and variant,” Tata Motors stated in a regulatory submitting.

Surge In Tata Motors Q3 Internet Revenue

Tata Motors at first of the yr introduced a greater than two-fold improve in its consolidated internet revenue at Rs 7,025 crore for the October-December quarter of the present monetary yr pushed by sturdy gross sales in its UK luxurious automobile unit Jaguar Land Rover (JLR).

The corporate had recorded a internet revenue of Rs 2,958 crore in the identical quarter of the earlier fiscal.

JLR’s gross sales rose 27 per cent within the world market within the third quarter, accounting for two-third of the income.

“It’s satisfying to see our companies execute properly on their differentiated methods and ship a robust set of outcomes for the quarter, thereby making it six quarters of constant supply. We intention to finish the yr on a robust footing and stay assured of sustaining our efficiency within the coming quarters and delivering on our de-leveraging plans,” stated P.B. Balaji, Group Chief Monetary Officer, Tata Motors.

(With inputs from businesses)




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