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Tata Motors to increase prices of its commercial vehicles

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. 

Tata Motors Limited  USD 35 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses. Part of the USD 113 billion Tata group, Tata Motors is India’s largest and the only OEM offering extensive range of integrated, smart and e-mobility solutions. It has operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of  103 subsidiaries, 10 associate companies, 3 joint ventures and 2 joint operations as on March 31, 2020.   With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, Tata Motors is India’s market leader in commercial vehicles and amongst the top four in the passenger vehicles market. With ‘Connecting Aspirations’ at the core of its brand promise, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited  to evolving aspirations of the market and the customers. Tata Motors strives to bring new products that fire the imagination of GenNext customers,  fueled  by  state  of  the  art  design  and  R&D  centers  located  in  India,  UK,  US,  Italy  and  South  Korea.  Internationally,  Tata commercial and passenger vehicles are marketed in countries, spread across Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS, and Russia. 

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