Bengaluru, 19th June 2024: Tata Motors has announced an upcoming price increase for its commercial vehicles, effective from 1st July 2024. The hike, which can be up to 2%, aims to offset rising commodity prices. This adjustment will impact the entire range of Tata Motors’ commercial vehicles, with variations depending on the specific model and variant.
Part of the USD 150 billion Tata group, Tata Motors Limited (BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR) is a leading global automobile manufacturer with a USD 44 billion market presence. The company produces a wide array of vehicles, including cars, utility vehicles, pick-ups, trucks, and buses, offering comprehensive integrated, smart, and e-mobility solutions. Tata Motors leads the commercial vehicle market in India and is one of the top three companies in the passenger vehicle market.
With ‘Connecting Aspirations’ at the heart of its brand promise, Tata Motors is dedicated to launching new products that engage the GenNext customers. This is driven by advanced design and R&D centers located in India, the UK, the US, Italy, and South Korea. The company’s innovation focuses on developing pioneering technologies that are sustainable and align with evolving market and customer needs. Tata Motors is at the forefront of India’s Electric Vehicle (EV) transition, promoting sustainable mobility solutions through a well-defined product strategy, leveraging synergies within the Tata Group, and actively collaborating with the Government of India on policy development.
Tata Motors operates in multiple regions, including India, the UK, South Korea, Thailand, and Indonesia, and markets its vehicles in Africa, the Middle East, Latin America, Southeast Asia, and the SAARC countries. As of March 31, 2024, Tata Motors’ extensive operations include 90 consolidated subsidiaries, two joint operations, five joint ventures, and numerous equity-accounted associates, including their subsidiaries, over which the company holds significant influence.
