Tata Motors Vehicle Costly: Tata Motors has announced to increase the prices of its commercial vehicles by up to three percent. Giving this information today, the company said that the new prices will come into effect from October 1, 2023. This increase will be applicable to the entire series of commercial vehicles of the company.
What reason did Tata Motors give for the price increase
Tata Motors said in the statement that to reduce the impact of increase in the production cost of the company’s commercial vehicles, Tata Motors’ commercial vehicles are being made more expensive. Keep in mind that the company had implemented an increase of up to five percent in the prices of its commercial vehicles from April 1 this year.
Let us tell you that this is the third increase in the prices of Tata Motors vehicles this year and these prices were increased by the company to cover its previous increased production costs. The company had earlier increased the price of its vehicles by 1.2 percent in January and apart from this, it had implemented an increase of 5 percent in April 2023.
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