Tata Motors, India’s leading commercial vehicle manufacturer, announced a price hike of up to 2% for its trucks and buses, effective January 1, 2025. This increase is aimed at offsetting higher input costs and will vary depending on the model and variant.
The revised prices will apply across the entire range of Tata Motors’ commercial vehicles, including trucks and buses. The company remains committed to delivering value while addressing rising operational expenses.
In November 2024, commercial vehicle sales showed mixed trends year-on-year. HCV trucks declined by 8% to 7,586 units, while ILMCV trucks remained stable with 4,374 units. Passenger carriers saw significant growth of 42%, reaching 3,022 units. SCV cargo and pickup vehicles dropped by 5% to 11,201 units.
Domestic commercial vehicle sales totalled 26,183 units, down 1%, while international business (IB) sales stayed flat at 1,453 units. Overall, total commercial vehicle sales were 27,636 units, a slight decline of 1% compared to November 2023.
Tata Motors, part of the renowned Tata conglomerate, is a global leader in automobile manufacturing. It offers a broad range of vehicles, including cars, SUVs, trucks, buses, and defence vehicles. The company operates across various countries, including India, the UK, South Korea, South Africa, China, Brazil, Austria, and Slovakia, through subsidiaries and joint ventures such as Jaguar Land Rover (UK) and Tata Daewoo (South Korea).
On December 13, 2024, Tata Motors share price opened at ₹789.00, up from its previous close of ₹786.35. At 9:41 AM, the share price of Tata Motors was trading at ₹783.25, down by 0.39% on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
