Tata Motors to increase prices of commercial vehicles
Tata Motors, India’s largest commercial vehicle manufacturer, will increase the price of its commercial vehicle range in effect from October 1, 2021. The effective price hike, in the range of 2 per cent, will be implemented based on 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.
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