24 Mar 2022
If you are planning to buy Tata vehicles, then this is the right time because from April 2022 the prices of Tata vehicles will be increasing by 2-2.5%.
Leading truck manufacturer Tata Motors will increase its commercial vehicle price range from 1 April 2022. On Tuesday, the company announced an imminent price hike of its commercial vehicle range. Tata Commercial Vehicle prices will be hiked by 2-2.5% depending on the individual vehicle and variant next month.
By considering the hike prices of commodities such as steel, aluminium, and other precious metals and the higher cost of other raw materials, the company made this decision. While the company has initiated action to absorb a significant portion of the increased cost at various levels of manufacturing, the sharp rise in the overall input cost has made it imperative to pass on some residual proportion by way of minimum price increases, the company said.
Tata Motors had raised the price of its commercial vehicle at the beginning of the year itself.
According to a top official of the company, the company is planning to invest Rs 15,000 crore in the EV segment in the next five years.
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