Tata Motors Commercial Vehicles Price Hike: The country’s largest commercial vehicle manufacturer Tata Motors (Tata Motors) has announced an increase in the prices of its commercial vehicles. The company will increase the price of its commercial vehicles by up to two per cent from January next year to offset the impact of rising cost of vehicle manufacturing. The company gave this information in a statement issued to the media on Tuesday.
According to the company, the price hike will vary depending on different models and variants. The price hike will be applicable across the entire range of commercial vehicles. Tata Motors said in a statement that the company itself is bearing most of the increased cost. But due to the rapid increase in the total cost, the company has had to increase the prices of the vehicles minimally.
Prices increased for the first time this year
Tata Motors is the country’s leading company in the commercial vehicle segment. This will be the first decision of Tata Motors to increase the prices of commercial vehicles in the calendar year 2023. Earlier, the company had drastically increased the prices of commercial vehicles in the months of January, April, July and October of the year 2022.
Price of passenger vehicles may also increase
The company has already announced that it is looking at increasing the prices of its passenger vehicles from next month to prepare its vehicles for the stricter emission norms that are going to come into effect in April, 2023.
Tata’s Commercial Vehicle Portfolio
Tata Motors has a wide range of commercial vehicles. These include Tata Ace, Tata Signa, Tata Ultra, Tata LPK, Tata SFC and Tata LPT. The price range for Tata commercial vehicles starts from Rs. 3.99 Lakh all the way up to Rs. 78.03 Lakh. The costliest car in the company’s commercial vehicle lineup is the Tata Signa 2823. The Tata K Drill Rig Pickup Truck price in India is Rs.78.03 Lakh. This wagon of the company also includes mini trucks, trucks, tippers, trailers and transit mixers.
