Tata Motors, India's largest commercial vehicle manufacturer, has announced an impending price hike of its commercial vehicle range. An increase in price in the range of 2.5%, will be implemented from 1st January 2022 and will be put into effect across segments - M&HCV, I&LCV, SCV and Bus, basis individual model and variant of the vehicle.
The increase in the prices of commodities such as steel, aluminium and other precious metals, in addition to higher costs of other raw materials has incited this price hike commercial vehicles. While the company is absorbing a significant portion of the increased costs at various levels of manufacturing, the steep rise in overall input costs makes it imperative to pass on some residual proportion via a minimal price hike.
Shares of Tata Motors Limited was last trading in BSE at Rs. 467.30 as compared to the previous close of Rs. 480.00. The total number of shares traded during the day was 1014419 in over 14785 trades.
The stock hit an intraday high of Rs. 482.40 and intraday low of 465.95. The net turnover during the day was Rs. 480548658.00.