Tata Motors to increase commercial vehicle prices from January 2021

Tata Motors, India's leading vehicle manufacturer, today announced that there will be a price increase across its commercial vehicle range, effective January 01, 2021.

The steady rise in material and other input costs, impact of forex and transition to BS6 norms, have cumulatively escalated the cost of manufacturing vehicles. The company had thus far been absorbing the addition in costs but with their steady rise in line with market trend, it has become imperative to pass at least some portion of the cost increase to customers via appropriate price revisions.

The price increase is expected across the portfolio of M&HCV, I&LCV, SCV & Buses. The actual change in price will depend on individual model, variant and fuel type. Tata Motors will continue to offer best in class value in each segment with low total cost of ownership and increasing profit potential for vehicle owners.

Shares of TATA MOTORS LTD. was last trading in BSE at Rs.164.55 as compared to the previous close of Rs. 180.5. The total number of shares traded during the day was 3742380 in over 22138 trades.

The stock hit an intraday high of Rs. 177.5 and intraday low of 162.45. The net turnover during the day was Rs. 640408646.

Source : Equity Bulls

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