Tata Motors Increase price for Commercial Vehicles
Tata Motors Announces price Increase for Commercial Vehicles up to 3% from this October
Mumbai- Tata Motors Ltd., a commercial vehicle manufacturer, announced that it will increase prices of its vehicles, effective 1 October 2023, up to 3%. The price increase is to offset the residual impact of the past input costs, and will be applicable across the entire range of commercial vehicles.
Part of the USD 128 billion Tata group, Tata Motors Limited, a USD 42 billion organization, a automobile manufacturer of cars, utility vehicles, pick-ups, trucks, and buses, offering an extensive range of integrated, smart, and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors market in commercial vehicles and ranks among the top three in the passenger vehicles market.
With the help of innovative designs and R&D facilities based in India, the UK, the US, Italy, and South Korea, Tata Motors works to develop new products that capture the attention of GenNext customers. The company's innovation activities are concentrated on producing ground-breaking technologies that are both sustainable and appropriate for the changing market and customer ambitions by focusing on engineering and tech-enabled automotive solutions catering to the future of mobility. By creating a customized product strategy, utilizing the synergy between Group companies, and actively engaging in communication with the Government of India in the process of developing the policy framework, the company is leading India's Electric Vehicle (EV) transition and accelerating the shift towards sustainable mobility solutions.
With operations in India, the UK, South Korea, Thailand, South Africa and Indonesia, Tata Motors markets its vehicles in Africa, the Middle East, Latin America, Southeast Asia, and the SAARC countries. As of March 31, 2023, Tata Motors’ operations include 88 consolidated subsidiaries, two joint operations, three joint ventures, and numerous equity-accounted associates, including their subsidiaries, over which the company exercises significant influence.
