Mumbai :
Tata Motors, India’s leading automobile company, has announced a price hike for its commercial vehicles, set to take effect from July 1.
The increase, averaging about 2 percent, is attributed to rising commodity prices.
This adjustment will vary across different vehicle models.
Recent Pricing and Market Performance
In March, Tata Motors last adjusted its vehicle prices due to similar economic factors.
Despite these increases, Tata Motors remains focused on introducing new products tailored to the preferences of the next generation.
These vehicles, designed in India, Britain, America, Italy,
and South Korea, emphasize modern technology integration.
Financial Performance and Stock Market Activity
In FY 2024, Tata Motors reported revenues of $52.44 billion.
This fiscal year, Tata Motors’ stock has shown strong performance, yielding a return of 26 percent.
As of the latest trading session, Tata Motors’ shares were trading around Rs 983 on the National Stock Exchange,
with a slight decline of 0.24 percent on Wednesday afternoon.
Jaguar Land Rover’s New Initiative
Under Tata Motors’ ownership, Jaguar Land Rover is reviving its popular Freelander model in an electric version.
Teaming up with China’s Chery Automobile, this move aims to reintroduce the Freelander, which had been discontinued nearly a decade ago, to meet evolving market demands.
