Tata Motors to increase prices of Commercial Vehicles from January 2025 – CNBC TV18

Tata Motors Ltd., India’s largest Commercial Vehicle manufacturer has announced that it will increase the prices of its CVs starting January 1, 2025.

Tata Motors has announced a price hike of up to 2% across its truck and buses portfolio.

The price increase will vary across individual model and variants but will apply across the entire range of trucks and buses.

Prices will be hiked to offset the rise in input costs, Tata Motors said in an exchange filing.

Earlier this week, Tata Motors had announced an increase in the prices of its Passenger Vehicle portfolio by up to 3% starting January 2025.

Tata Motors joined the likes of Hyundai Motors India, KIA and Maruti Suzuki in hiking the prices of its Passenger Vehicles.

Shares of Tata Motors ended 1.5% lower on Thursday at ₹787. The stock has given up all the gains of 2024 and has turned negative on a year-to-date basis. The stock has corrected 33% from its record high level of ₹1,180.