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.
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Ahead of the interim budget 2024, automobile manufacturers are anticipating policies that could further maximise this growth including the country's electrification target.
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During the quarter under review, the revenue from operations stood at ₹10,777 crore, up 6%, as against ₹10,203 crore in the corresponding period of the previous year.
Group MD & CEO Anish Shah has delivered a steep increase in RoE while pushing for fast growth in all group businesses.
The retail sales in H1 of FY24, surged by 25% YoY to 2,08,555 units, against the same period last year.
The price increase is to offset the residual impact of the past input costs, the company says.
Riding on the SUV wave, Tata Motors on September 14 launched the Tata Nexon facelift at a starting price of ₹8.09 lakhs