Tata Motors Price Hike: The country’s leading automaker Tata Motors has said that it is going to increase the prices of its trucks and buses from January and these increased prices will come into effect from January 1, 2025. Under this announcement, Tata Motors has expressed its intention to increase the prices of its commercial vehicles by 2 percent and these expensive prices will be applicable from the first day of the new year. Even before the new year, some auto companies have announced increase in prices and Tata Motors has also joined them.
Why did Tata Motors increase the prices?
Tata Motors has informed that this price is being increased due to the increase in the input cost of manufacturing the company’s vehicles and the company is trying to put minimum burden on the customers. The company also informed that the effect of this price hike will be seen on all truck and bus models of Tata Motors, although this increase will be different on different models of buses and trucks.
Maruti and Hyundai have already announced
Passenger vehicle makers Maruti Suzuki, Hyundai Motor India and Tata Motors have already announced increase in the prices of their cars. Apart from this, luxury car makers Mercedes-Benz, BMW and Audi have also announced to increase the prices of their cars from January in the coming new year.
Impact on Tata Motors shares will be visible tomorrow
Tomorrow is the last trading day of the week and before that Tata Motors has announced to make its commercial vehicles expensive, there is a possibility of a rise in its shares. Today trading has closed with a fall in Tata Motors shares, Tata Motors shares closed at Rs 787 per share with a fall of Rs 12.10 or 1.51 percent.
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