New Delhi. India’s largest commercial vehicle company Tata Motors has announced that it will increase the prices of its commercial vehicles by 2% from April 1, 2024. The price increase is being made to compensate for the previous cost. The company said that the price increase will vary according to different models and variants. But, this will be applicable to the entire range of commercial vehicles.
Tata Motors is a big company in the commercial vehicles segment and is included in the top three list in the passenger vehicle market. Tata Motors strives to bring innovative products driven by state-of-the-art design and R&D centers located in India, UK, US, Italy and South Korea that are exclusive to GenNext customers.
Also read: Where is the inflation? People bought 20.29 lakh vehicles in February, car sales increased by 12 percent, bikes increased by 13%.
business even outside India
With operations in India, UK, South Korea, Thailand, South Africa and Indonesia, Tata Motors sells its vehicles in Africa, the Middle East, Latin America, South East Asia and SAARC countries.
As of March 31, 2023, Tata Motors’ operations include 88 consolidated subsidiary companies, two joint operations, three joint ventures and a number of equity-accounted associates, including their subsidiaries, over which the company exercises significant influence.
The month of February 2024 was also very good for Tata Motors. Because, the company has overtaken Hyundai and captured the second position in the month of February 2024. Tata sold 51,321 units of cars last month. Whereas last month Hyundai’s total domestic sales stood at 50,201 units. Models like Tata Nexon, Punch, Tiago, Altroz ​​and Tigor are present in the company’s portfolio.
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Tag: auto news, electric vehicles, Tata Motors
first published : March 7, 2024, 4:25 pm IST
