Tata Motors to hike commercial vehicle prices by 2% from April
The company has attributed the price hike to offset the residual impact of the past input costs.
The company has attributed the price hike to offset the residual impact of the past input costs.
Passenger cars marked the highest February sales figures ever, driven by new product introductions and enhanced vehicle availability, says FADA
Reacting to the demerger plan, shares of Tata Motors gained as much as 4.5% to scale a new peak of ₹1,031.70 on the BSE.
However, long-term fundamentals remain positive, with expectations of a post-election rebound as underlying industries resume tender processes.
Around 50% of long-haul trucks sold in India come without cabins.
The price hike comes weeks after India's largest commercial vehicle company hiked prices of its model range in October.
Passenger vehicles and two-wheelers set new all-time highs.
In October, the exports of VE Commercial Vehicles (VECV) declined by 43.5%.
The price increase is to offset the residual impact of the past input costs, the company says.
Ashok Leyland, which is a part of the Hinduja Group, says the contract includes the procurement of the field artillery tractor (FAT 4x4) and the gun towing vehicle (GTV 6x6)