Tata Motors to extend costs of business autos by 1.5%-2.5%

Tata Motors on Tuesday mentioned it would enhance the costs of its industrial autos, within the vary of 1.5 to 2.5 per cent, from July 1 to partially offset rising enter prices.

The hike can be throughout the vary of business autos and the quantum will rely on particular person mannequin and variant, Tata Motors mentioned in a regulatory submitting.

“Whereas the corporate takes in depth measures to soak up a good portion of the elevated enter prices at varied ranges of producing, the steep rise in total enter prices makes it crucial to move on a residual proportion through a minimised value hike,” it mentioned.

In April, Tata Motors had hiked the costs of its passenger autos by 1.1 per cent and people of business autos by 2 – 2.5 per cent to partially offset rising enter prices.

(Solely the headline and film of this report might have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)

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