Planning to buy a new car? Tata Motors to hike prices up to 2% across segments from this date

Tata Motors said that the price increase will be applicable across the entire range of commercial vehicles.

Updated on: Mar 7, 2024, 16:17:31 IST

By HT News Desk

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Tata Motors announced on Thursday that it would implement a price hike of up to 2 per cent on its commercial vehicles starting April 1 to compensate for lingering effects from previous input cost increases.

Tata Motors to hike commercial vehicle prices by up to 2 pc from April. (REUTERS/Anushree Fadnavis/File Photo)

How much will the price increase for Tata Motors cars?

Tata Motors has not disclosed the specific percentage increase for each model.

Although the degree of increase will vary based on individual models and variants, it will be implemented uniformly across the entire spectrum of commercial vehicles, Tata Motors said in the regulatory filing.

India's leading automaker by revenue had previously raised prices for its commercial vehicle range by up to 3 per cent in January.

ALSO READ- Tata Motors demerger: How does it affect shareholders?

Tata Motors to demerge business into two separate companies

Earlier this week, Tata Motors announced its decision to undergo a strategic split into two separate listed companies, effectively segregating its Commercial Vehicle (CV) business from its passenger vehicle arm.

The restructuring involves consolidating the commercial vehicles business and its related investments into one entity, while the passenger vehicle business, encompassing electric vehicles, Jaguar Land Rover (JLR), and associated investments, will form the second entity.

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Moody's affirms Tata Motors' Ba3 corporate family rating

Moody's on Wednesday affirmed Tata Motors' Ba3 corporate family rating with a positive outlook, including the Ba3 senior unsecured instrument ratings for Tata Motors Ltd.

Despite the demerger, Moody's noted Tata Motors' strong position in India's commercial vehicle industry, expecting ample free cash flow and robust credit metrics for its commercial vehicle operations. The rating also incorporated a one-notch uplift, anticipating extraordinary support from parent company Tata Sons Ltd when needed.

Shares of Tata Motors today

The stock of Tata Motors climbed 2.14 per cent to settle at ₹1,039.35 apiece on the BSE. During the day, it jumped to ₹1,046.85.

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On the NSE, shares of the company went up by 2.13 per cent to settle at ₹1,039.30 each. During the day, it zoomed to ₹1,047.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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