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Tata Motors to hike prices by up to 2% on commercial vehicles from April 2024
Money Control
·
1y ago
Medial
Tata Motors has announced a price increase of up to 2 percent on its commercial vehicles, effective from April 1, 2024. The move is aimed at offsetting the residual impact of past input costs. This marks the second price hike in 2024, following a 3 percent increase on January 1. Tata Motors also recently announced the demerger of its businesses into separate entities for commercial vehicles and passenger vehicles, which has been well-received by analysts and rating agencies. The company's stock has seen positive growth as a result of these developments.
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Related News
Second hike in 2024, Tata Motors to increase commercial vehicle prices from April
Thehindubusinessline
·
1y ago
Medial
Indian automaker Tata Motors has announced that it will increase the prices of its commercial vehicles (CVs) by up to 2% from April 1. This is the second price increase for Tata Motors' CVs in 2024, with the first increase of up to 3% announced for January 1. The company stated that the price hike is intended to offset the residual impact of past input costs. Earlier this year, Tata Motors also increased the prices of its passenger vehicles by up to 0.7%. The automaker recently announced plans to demerge its PVs and CVs businesses into separate entities.
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Tata Motors to hike prices of commercial vehicles from next year
Livemint
·
1y ago
Medial
Indian automotive manufacturer Tata Motors has announced a price hike of up to 3% on its commercial vehicles, effective January 1, 2024, to offset the impact of previous rises in input costs. The increase will apply to all commercial vehicle models, including Tata Ace, Tata Intra, and Tata Winger. This announcement comes after the company reported a marginal decrease in global sales for November 2023. Tata Motors is also considering a price hike for its passenger and electric vehicles in January. Other automakers in India, such as Mahindra & Mahindra and Honda Cars, are also planning price increases.
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Tata Motors to raise commercial vehicle prices by up to 3% from this October
Livemint
·
1y ago
Medial
Tata Motors is set to increase the prices of its commercial vehicles by up to 3% from October 1st. This is the third price hike by the company this year in order to offset the impact of rising post-input costs. The previous hikes were implemented in January and March to comply with new emission norms. The implementation of stricter emission norms has resulted in increased costs for automakers in India. In addition to this, Tata Motors is focused on expanding its presence in the electric vehicle market and intends to allocate $2 billion towards the development of battery-powered models by 2027.
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Tata Motors announces price hike, check stock reaction
Business Today
·
4m ago
Medial
Tata Motors announced a price hike of up to 2%, effective April 1, 2025, to counter rising raw material and input costs. Over the past year, the company's stock has shown negative performance, dropping 32% in six months and 30% over 52 weeks.
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Tata Motors Shares Play Red Light-Green Light After April Domestic Sales Fell 7%
OutlookIndia
·
2m ago
Medial
Tata Motors reported a 7% decline in overall domestic sales in April, selling 72,753 vehicles compared to 77,521 the previous year. Both commercial and passenger vehicle sales fell, with commercial vehicle sales dropping by 8% and passenger vehicles by 5%. Notably, the electric passenger vehicle sales witnessed a significant 16% decline. Despite initial stock drops, Tata Motors shares rebounded slightly. Meanwhile, competitor Maruti Suzuki recorded a 7% sales growth, including exports.
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Tata Motors total domestic sales rise to 90,822 units in March
Thehindubusinessline
·
1y ago
Medial
Tata Motors reported a 2% increase in its domestic wholesales in March, with total domestic wholesales reaching 90,822 units. The company's passenger vehicle sales, including electric vehicles, in the domestic market rose by 14% to 50,297 units, while commercial vehicle dispatches declined by 10% to 40,712 units. For the fiscal year ending March 31, 2024, Tata Motors' total domestic wholesales reached 9,49,015 units, a 2% increase from the previous fiscal year. The company's passenger vehicle sales for the fiscal year stood at 5,73,495 units, a 6% rise, while commercial vehicle dispatches declined by 4% to 3,78,060 units.
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Weak July sales sour mood for auto stocks; Maruti Suzuki, Tata Motors, Eicher fall up to 3%
Money Control
·
1y ago
Medial
Auto sales for major automakers in July fell below market expectations, resulting in a decline in auto stock prices. Companies such as Maruti Suzuki, Tata Motors, Eicher Motors, Bajaj Auto, and Mahindra & Mahindra saw a drop in sales, dragging down the Nifty Auto index by nearly 2%. Royal Enfield saw an 8% decline in motorcycle sales, Tata Motors recorded an 11% drop in total sales, and Maruti Suzuki experienced a 5% decline in sales. However, Mahindra & Mahindra saw a slight increase in sales. The data indicates weakness in commercial vehicles and potential risks for passenger vehicles.
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Tata Motors ties up with two firms to expand charging infra for electric CVs
YourStory
·
11m ago
Medial
Tata Motors has partnered with Delta Electronics India and Thunderplus Solutions to establish charging infrastructure for its electric commercial vehicles. Under the agreement, 250 fast-charging stations will be set up across India, expanding on the existing network of 540 commercial vehicle charging points. Tata Motors will identify optimal locations for the charging stations, while Delta Electronics will provide the necessary hardware and Thunderplus Solutions will handle installation and operation. The move aims to encourage more customers to adopt electric commercial vehicles and improve vehicle uptime, while contributing to a cleaner environment.
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Tata Motors aims to match ICE rivals’ prices to revitalize its EV sales with new Curvv SUV | Mint
Livemint
·
1y ago
Medial
Tata Motors, India's largest passenger electric vehicle maker, has adopted an aggressive pricing strategy for its electric vehicles (EVs), matching them with prices of competing conventional vehicles. The move aims to boost the sales of Tata Motors' EVs amid a recent industry-wide decline in EV sales. The company's latest offering, the electric Curvv coupe SUV, is the first step in the plan to introduce more electric vehicles and move up the premium SUV segment. Tata Motors attributes the competitive pricing to decreasing battery costs and cost-saving measures.
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Tata Motors to demerge commercial and passenger vehicle businesses
Thehindubusinessline
·
1y ago
Medial
Tata Motors will separate its passenger vehicles and commercial vehicles businesses into two distinct entities through a demerger. This move aims to unlock value for the company's businesses and enable each entity to pursue its strategies independently. The demerger follows a series of decisions by Tata Motors to run its different businesses separately, including appointing separate CEOs for each unit. Analysts believe the demerger will cushion the passenger vehicle business from the cyclical nature of the commercial auto market and allow the company to leverage synergies in the passenger vehicle business, particularly in the areas of electric vehicles, autonomous vehicles, and vehicle software.
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