Tata Motors will increase the prices of vehicles, Tata vehicles will become expensive from this date, impact on shares is possible

Tata Motors Price Hike: The nation’s main automaker Tata Motors has stated that it is going to increase the prices of its vans and buses from January and these elevated prices will come into impact from January 1, 2025. Under this announcement, Tata Motors has expressed its intention to increase the prices of its industrial vehicles by 2 p.c and these expensive prices will be relevant from the first day of the new 12 months. Even earlier than the new 12 months, some auto corporations have introduced increase in prices and Tata Motors has additionally joined them.

Why did Tata Motors increase the prices?

Tata Motors has knowledgeable that this value is being elevated attributable to the increase in the enter value of manufacturing the firm’s vehicles and the firm is making an attempt to place minimal burden on the prospects. The firm additionally knowledgeable that the impact of this value hike will be seen on all truck and bus fashions of Tata Motors, though this increase will be totally different on totally different fashions of buses and vans.

Maruti and Hyundai have already introduced

Passenger car makers Maruti Suzuki, Hyundai Motor India and Tata Motors have already introduced increase in the prices of their vehicles. Apart from this, luxurious automotive makers Mercedes-Benz, BMW and Audi have additionally introduced to increase the prices of their vehicles from January in the coming new 12 months.

Impact on Tata Motors shares will be seen tomorrow

Tomorrow is the final buying and selling day of the week and earlier than that Tata Motors has introduced to make its industrial vehicles expensive, there is a chance of an increase in its shares. Today buying and selling has closed with a fall in Tata Motors shares, Tata Motors shares closed at Rs 787 per share with a fall of Rs 12.10 or 1.51 p.c.

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