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Corporate News
21-Dec-20
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Tata Motors increases prices of commercial vehicles
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Effective 01 January 2021
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Tata Motors announced that there will be a price increase across its commercial vehicle range, effective 01 January 2021.
The steady rise in material and other input costs, impact of forex and transition to BS6 norms, have cumulatively escalated the
cost of manufacturing vehicles. The company had thus far been absorbing the addition in costs but with their steady rise in line
with market trend, it has become imperative to pass at least some portion of the cost increase to customers via appropriate
price revisions.
The price increase is expected across the portfolio of M&HCV, I&LCV, SCV & Buses. The actual change in price will depend on
individual model, variant and fuel type. Tata Motors will continue to offer best in class value in each segment with low total
cost of ownership and increasing profit potential for vehicle owners.
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