New Delhi, 18 September (HS). The country’s largest automobile manufacturer Tata Motors has announced to increase the prices of its commercial vehicles by three percent. The new prices will be applicable from October 1, 2023.
The company said in a statement issued on Monday that this price increase is being done to reduce the impact of the increase in production costs in the past. According to the company, this price increase will be applicable to the entire range of commercial vehicles. Tata Motors has already increased the prices of commercial vehicles by up to five percent on April 1, 2023.
Tata Motors is the largest company manufacturing commercial vehicles in the country. It is one of the major companies of Tata Group. Its old name was Telco. Its production units are located in Jamshedpur, Pune and Lucknow in India and many other countries in the world.