Tata Motors to increase prices of its commercial vehicles from 1st October 2021

Tata Motors, India's largest commercial vehicle manufacturer, will increase the price of its commercial vehicle range in effect from 1st October 2021. The effective price hike, in the range of 2%, will be implemented basis the model and the variant of the vehicle.

The continued rise in the cost of commodities, such as steel and precious metals, necessitates the company to pass on a part of it through increase in price of the products. The company has further strived to minimise the increase in the price by absorbing a certain portion of the cost at various levels of manufacturing. Further, Tata Motors continues the efforts to deliver the lowest total cost of ownership for its customers and fleet owners.

Shares of Tata Motors Ltd. was last trading in BSE at Rs. 299.05 as compared to the previous close of Rs. 308.5. The total number of shares traded during the day was 891677 in over 11367 trades.

The stock hit an intraday high of Rs. 310.15 and intraday low of 297.45. The net turnover during the day was Rs. 271020989.

Source : Equity Bulls

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