Tata Motors, India’s largest commercial vehicle manufacturer, has announced a price hike on its range of commercial vehicles, effective 1 January 2024.
The CV maker has announced that it will increase the price of its commercial vehicles effective 1 January 2024, by up to 3%.
The price increase is to offset the residual impact of the past input costs, and will be applicable across the entire range of commercial vehicles.
In FY2023, Tata Motors clocked wholesales of 413,539 units, comprising both domestic and export market sales, which was a 16% year on year increase (FY2022: 35,6972 units). India market sales at 3,93,317 units were up 22% year on year.