Tata Motors Commercial Vehicles: Tata Motors has announced to increase the price of vehicles by 2 percent. The company has had to take this decision due to the rise in the prices of raw materials.
Tata Motors Commercial Vehicles: The country’s leading automobile company Tata Motors has shocked its customers. The company has announced to increase the prices of its commercial vehicles. Tata Motors vehicles are going to be expensive by about 2 percent. The new prices are going to be effective from July 1. Tata Motors said on Wednesday that it is having to increase the rates of its vehicles due to the rise in commodity prices. The company says that this increase will be different on all variants.
The company last increased the price in March
Tata Motors issued a statement saying that the company is currently preparing to bring new products. These vehicles are being designed in India, Britain, America, Italy and South Korea according to the needs of Gen Next customers. All these vehicles will be equipped with modern technology. Tata Motors, the country’s largest automobile company by revenue, last raised the prices of its commercial vehicles by 2 percent in March. Tata Motors’ revenue was $52.44 billion in FY 2024.
Tata Motors stock gave 26 percent return this year
This year, Tata Motors’ stock (Tata Motors Shares) is also performing well. It has jumped by about 26.6 percent. On Wednesday afternoon, the company’s shares went down by about Rs 2.40 (0.24 percent) on the National Stock Exchange (NSE). Tata Motors stock was trading around Rs 983. It was rising continuously for the last few days. This year it has also crossed the Rs 1000 mark several times.
Freelander will come in electric avatar
On the other hand, Jaguar Land Rover, owned by Tata Motors, has decided to launch its popular car Freelander in a new look. For this, a partnership has been formed with China’s Chery Automobile. Freelander will be brought in an electric avatar. Freelander was discontinued almost a decade ago.
