Tata Motors, India’s leading automaker by revenue, announced on Wednesday that it will increase the prices of its commercial vehicles by up to 2% effective July 1. This price adjustment is intended to mitigate the impact of rising commodity prices. Earlier this year, in March, Tata Motors had implemented a similar price increase for its commercial vehicles, also up to 2%. This latest price hike will affect the entire range of commercial vehicles offered by Tata Motors, with the specific percentage increase varying depending on the model and variant.
Tata Motors is a part of the $150 billion Tata Group and is itself a $44 billion company. As a leading global automobile manufacturer, Tata Motors produces a wide range of vehicles including cars, utility vehicles, pick-ups, trucks, and buses.
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