Tata Motors announced today that it will increase the prices of its commercial vehicles by up to 2%, effective July 1, 2024. This adjustment aims to counterbalance the rising costs of commodities, with the increase applying across the entire range of commercial vehicles. The price hike will vary according to specific models and variants.
Tata Motors, a key entity of the USD 150 billion Tata Group, is a USD 44 billion organization known for its broad spectrum of vehicles, including cars, utility vehicles, pick-ups, trucks, and buses. As India’s market leader in commercial vehicles and one of the top three in the passenger vehicle market, Tata Motors remains committed to delivering quality amidst economic fluctuations.The company emphasizes innovation and sustainability, leading India’s shift towards electric vehicles (EV) with advanced design and R&D centers in India, the UK, the US, Italy, and South Korea. Tata Motors leverages synergies within the Tata Group and collaborates with the Indian government to shape a robust policy framework for sustainable mobility solutions.
Operating in regions such as Africa, the Middle East, Latin America, Southeast Asia, and the SAARC countries, Tata Motors continues to expand its global footprint. As of March 31, 2024, its operations encompass 90 consolidated subsidiaries, two joint operations, five joint ventures, and numerous equity-accounted associates.
