India’s leading automaker, Tata Motors, has announced a price hike for its commercial vehicles by up to 2%, effective July 1. This decision comes in response to increasing commodity prices, the company said on Wednesday.
This move marks the second price increase this year, following a similar hike in March. The adjustment is seen as a necessary step to mitigate the financial impact of rising input costs.
Tata Motors has had a strong performance in the stock market, with shares rising 26.6% so far this year. However, following the announcement, shares saw a slight dip of 0.2%.
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