New Delhi: Tata Motors has revealed plans to raise prices for its commercial vehicle lineup across India by 3 percent, with the revised prices set to take effect from October 1, 2023. In a regulatory filing dated September 18, 2023, Tata Motors officially announced its intention to implement these price adjustments, stating, "Tata Motors will be implementing a price increase of up to 3% on its vehicles, effective October 1, 2023."
India's foremost commercial vehicle manufacturer has attributed this decision to mitigate the residual effects of past input cost fluctuations, and this price increase will be applicable to their entire range of commercial vehicles. Tata Motors, a globally recognized automobile manufacturer specializing in cars, utility vehicles, pickups, trucks, and buses, also offers a wide array of integrated, intelligent, and electric mobility solutions. Notably, Tata Motors holds a dominant position as India's market leader in commercial vehicles.
Tata Motors Share Price
Over the past month, Tata Motors' share price has remained relatively stable, fluctuating between Rs 600 and Rs 640. On September 18, 2023, the closing share price for Tata Motors was recorded at Rs 640.85.
It's worth noting that Tata Motors' share price has exhibited significant growth over the past year. On September 19, 2022, a single share of this automotive giant was valued at Rs 425, but today it commands a price of Rs 640.
Tata Motors Vehicle Portfolio
In recent years, Tata Motors has introduced a range of vehicles into the Indian market, including the Nexon, refreshed Tiago and Safari, Altroz, and Punch. These offerings have garnered substantial interest and popularity among customers.
Tata Motors Sales
In August 2023, Tata Motors reported a total of 78,010 vehicle sales in both domestic and international markets, as compared to 78,843 units sold in August 2022. Notably, Tata Motors achieved a total of 76,479 units in domestic sales.
Tata Motors Commercial Vehicle Sales
Category August 2023 August 2022 Growth (Y-o-Y)
HCV Trucks 9,000 7,865 14.4%
ILMCV Trucks 5,207 4,968 4.8%
Passenger Carriers 2,986 2,299 29.9%
SCV Cargo and Pickup 13,555 14,181 -4.4%
CV Domestic 30,748 29,313 4.9%
CV IB 1,329 2,179 -39%
Total CV 32,077 31,492 1.9%
Tata Motors Passenger Vehicle Sales
Category August 2023 August 2022 Growth (Y-o-Y)
Total PV Domestic (includes EV) 45,513 47,166 -3.5%
PV IB 420 185 127%
Total PV (includes EV) 45,933 47,351 -3%
EV (IB + Domestic) 6,236 4,026 54.9%
Tata Motors continues to make significant strides in both its commercial and passenger vehicle segments, showcasing its commitment to the Indian automotive market.
