Tata Motors hikes commercial vehicle prices by up to 2%
The revised prices will apply across all models and variants of its commercial vehicle range.
The revised prices will apply across all models and variants of its commercial vehicle range.
In FY24, the sales of utility vehicles witnessed a growth of 25.8% year-on-year to 25,20,691 units as against 20,03,718 units in FY23.
Tata Motors has been the top Nifty 50 performer in the last one year, zooming 137% from its 52-week low of ₹400.4 touched on March 28, 2023
The surge is boosted by the launch of new models, continuously improving supply coupled with a healthy booking-to-cancellation ratio, and the wedding season, according to FADA.
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In November, the company held the largest market share of 38.15% in the commercial vehicle segment and sold 30,282 units during the month.
Despite the recent rally, the multibagger stock traded 14.5% lower than its 52-week high of ₹842.8 touched on November 11, 2021.