Tata Motors to raise prices of Commercial Vehicles from July 2024

Tata Motors has announced that its range of commercial vehicles will see a hike in price, effective July 1, 2024. The company stated that its commercial vehicles will see an increase of up to 2 percent starting next month.

According to the press release by Tata Motors the price increase is to offset the impact of rising commodity prices. It will be applicable across the entire range of commercial vehicles and will vary as per individual model and variant.

Despite the price increase, Tata Motors shares have seen a 26.6 per cent rise this year. This marks the second price hike this year, following a similar increase of up to 2 per cent in March.