Tata Motors is raising the price of commercial vehicles, which is why

Automobile 2021-09-21

newsteamz_Tata Motors is raising the price of commercial vehicles, which is why
  • Tata Motors, one of the leading automakers in the country, is all set to increase the prices of its commercial vehicles.

  • The hike will take effect from October 1.

  • The company did not say how much the price increase would be for different models but said the price increase would be up to two percent.

Tata Motors, one of the leading automakers in the country, is all set to increase the prices of its commercial vehicles. The hike will take effect from October 1. The company did not say how much the price increase would be for different models but said the price increase would be up to two percent. "The rate increase might be up to 2 consistent with cent, depending on the model and variant," the organization said in a filing.

At the same time, manufacturers attribute the rise in prices to higher raw material costs. '' The additional costs caused by the continuous rise in prices of steel and other metals are forcing the company to pass on to customers. Tata Motors has been working hard to reduce the price hike by taking a portion of the excess cost at various stages of construction, ”said Tata Motors.

This is the second time in two months that Tata Motors has announced a price hike. In August, the company increased the price of its passenger vehicles by an average of 0.8 percent, excluding the 'New Forever' range. This move was also due to the increase in input prices.

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