Tata Motors Confirms Price Increase Effective April 2022

Tata-Motors-2022-Price-Increase

Automobile major Tata Motors has confirmed a price increase for its commercial vehicle range, in news reported by Business Insider.

Tata Motors Implements Price Increase Between 2-2.5% Depending on Model and Variant

"The increase in the prices of commodities such as steel, aluminium and other precious metals, in addition to higher costs of other raw materials, has incited this price hike of commercial vehicles," the company said in a statement.

"While the company has initiated actions to absorb a significant portion of the increased costs, at various levels of manufacturing, the steep rise in overall input costs makes it imperative to pass on some residual proportion via a minimised price hike."

 

Source: Business Insider

About the author

Adrian, located in Madrid, is joining the editorial team as a correspondent for the Valebridge Publications Ltd Group. Before starting in 2020 for Truck & Bus News, Adrian graduated with an English degree before working within marketing and recruitment in the non-profit sector. Recently he changed direction, undertaking a course in Marketing and International Business as a means towards moving into the journalism field, which he counts as his lifelong ambition.

Email: adrian.stuart@retreadingbusiness.com

Phone: (44) 1270 668 718

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