Tata Motors to Increase Prices of Commercial Vehicles by Up to 2% Starting April
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Synopsis
Tata Motors has announced a price increase of up to 2% for its commercial vehicles, starting from April 1, 2025, due to rising input costs impacting the automotive sector. The adjustment varies by model and variant.
Key Takeaways
- Tata Motors to raise commercial vehicle prices.
- Increase of up to 2 percent effective April 1.
- Price hikes due to rising input costs.
- Maruti Suzuki also raising prices by 4 percent.
- Challenges in the Indian auto industry include high logistics costs.
Mumbai, March 17 (NationPress) Tata Motors, the leading manufacturer of commercial vehicles in India, has announced a price hike of up to 2 percent across its range of commercial vehicles, effective from April 1. This adjustment is deemed necessary to address the soaring input costs that are currently affecting the automotive industry.
The company stated, "Tata Motors, India’s largest commercial vehicle manufacturer, today revealed a price increase of up to 2 percent on its commercial vehicle lineup, effective from April 1, 2025," as per an exchange filing.
It was further explained that the price adjustments would vary based on individual model and variant.
According to the company, the increase will depend on the specific model and variant.
The Indian automobile sector is grappling with challenges such as escalating raw material costs, increased logistics expenses, and disruptions in the supply chain.
Earlier today, Maruti Suzuki India Ltd also announced a vehicle price increase of up to 4 percent, starting in April 2025.
Maruti Suzuki attributed its price revision to rising input costs, operational expenses, and pressures from inflation. The company indicated that while efforts are underway to manage costs, some of the increasing expenses will inevitably be passed on to consumers.
With both Tata Motors and Maruti Suzuki implementing price hikes, other manufacturers may likely follow suit.
Tata Motors, a member of the Tata Group, is recognized for its diverse offerings including cars, utility vehicles, pickups, trucks, and buses.
Despite a rise in revenue, the company reported a 22.41 percent decline in consolidated net profit, amounting to Rs 5,451 crore in the third quarter of FY25 compared to the same timeframe last year.
Conversely, revenue from operations saw an increase of 2.71 percent, reaching Rs 1,13,575 crore, according to their stock filing.
On Monday, Tata Motors’ stock closed at Rs 660.90, marking a 0.84 percent rise on the Bombay Stock Exchange (BSE).
