Mumbai: In a strategic move to counter escalating input costs, Tata Motors, India’s leading commercial vehicle manufacturer, has announced a price hike across its portfolio of trucks and buses. Effective from January 1, 2025, the increase will see prices rise by up to 2% depending on the model and variant.
The company cited the surge in manufacturing and operational expenses as the primary reason behind the adjustment. This decision will impact Tata Motors’ entire commercial vehicle range, reflecting the company’s commitment to maintaining quality and sustainability amid rising costs.
The price adjustment comes at a time when the automotive sector is grappling with fluctuating raw material costs and increased regulatory requirements. Analysts believe the move could set a precedent for other manufacturers to follow suit.
As the industry braces for these changes, Tata Motors continues to focus on enhancing its product offerings and service networks, ensuring its leadership in the commercial vehicle market remains unchallenged.
