Customers have been taken aback by the nation’s top automaker, Tata Motors. The business has declared that the cost of its commercial vehicles will go up. The price of Tata Motors’ automobiles will increase by roughly 2 percent. The revised rates will take effect on July 1. Tata Motors announced on Wednesday that the rising cost of commodities is forcing it to raise the prices of its cars. According to the corporation, every variety would experience a distinct increase.
In a statement,
Tata Motors stated that it is now getting ready to launch new goods. The company last raised prices in March. In response to the demands of Generation Next, these automobiles are being designed in South Korea, India, Britain, America, and Italy. All these vehicles will be equipped with modern technology. Tata, the country’s largest automobile company in terms of revenue, last increased the prices of its commercial vehicles by 2 percent in March. Tata Motors’ revenue was $52.44 billion in FY 2024.
This year, the stock of Tata Motors returned 26%.
The stock of Tata is doing well this year as well. It has increased by roughly 26.6%. The company’s shares decreased on the National Stock Exchange (NSE) by around Rs 2.40, or 0.24 percent, on Wednesday afternoon. The stock of Tata was trading at about Rs 983. It has been steadily rising over the past few days. It has also repeatedly surpassed the Rs 1000 threshold this year.
Freelander’s electric avatar will be available.
However, Tata’s subsidiary Jaguar Land Rover has decided to introduce the well-liked Freelander in a new configuration. It has partnered with China’s Chery Automobile to do this. There will be an electric avatar brought in by Freelander. Freelander was withdrawn almost a decade ago.
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