Tata Motors to increase car prices by 2% from January

While the price increase will vary as per individual model and variant, it will be applicable across the entire range of commercial vehicles, the auto major said in a statement.

PTIUpdated: Tuesday, December 13, 2022, 10:17 PM IST
article-image
Tata Group intends to hire tens of thousands of additional workers |

Tata Motors on Tuesday said it will increase prices of its commercial vehicle range by up to 2 per cent from January to offset the impact of rising 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, the auto major said in a statement.

The company has been absorbing a significant portion of the increased costs, but the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike, it added.

Tata Motors is the country's leading player in the commercial vehicle segment.

The firm has already announced that it is looking to increase the prices of its passenger vehicles from next month to make its model range compliant with stricter emission norms, which kick in from April 2023.

(If you have a story in and around Mumbai, you have our ears, be a citizen journalist and send us your story here. )

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

FPIs register steepest outflow in 7 months at Rs 28,852 cr in Jan

FPIs register steepest outflow in 7 months at Rs 28,852 cr in Jan

Rajeev Chandrasekhar says, guidelines for online gaming aimed at ensuring open, safe internet space

Rajeev Chandrasekhar says, guidelines for online gaming aimed at ensuring open, safe internet space

India's crude steel output grows by 5% in 2022; exports fall by 44%: Report

India's crude steel output grows by 5% in 2022; exports fall by 44%: Report

India Energy Week 2023: PM Modi to inaugurate event in Bengaluru, key energy initiatives to be...

India Energy Week 2023: PM Modi to inaugurate event in Bengaluru, key energy initiatives to be...

Infosys fires 600 freshers for failing internal test: Report

Infosys fires 600 freshers for failing internal test: Report