Tata Motors to increase prices of its commercial vehicles from 1st July 2022 by 1.5-2.5%

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 1.5-2.5%, will come into effect from 1st July 2022 across the range, depending upon individual model and variant.

While the company takes extensive measures to absorb a significant portion of the increased input costs, at various levels of manufacturing, the steep rise in overall input costs makes it imperative to pass on a residual proportion via a minimised price hike.

Shares of Tata Motors Limited was last trading in BSE at Rs. 417.05 as compared to the previous close of Rs. 414.55. The total number of shares traded during the day was 711556 in over 16221 trades.

The stock hit an intraday high of Rs. 418.00 and intraday low of 409.10. The net turnover during the day was Rs. 295254280.00.

Source : Equity Bulls

Keywords

TataMotors INE155A01022 TTM CommercialVehicles PriceIncrease