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Tata Motors increases passenger vehicle prices from today

Posted On: 2021-01-22 07:04:15 (Time Zone: Arizona, USA)


Tata Motors, India's leading vehicle manufacturer, has announced that it will hike prices of its passenger vehicle range, effective today. Rising input costs and material costs of steel, precious metals and semiconductors have compelled the company to pass on a part of the cost to customers.

Tata Motors has marginally increased prices from 0 to INR 26,000, depending on the variant. Continuing its commitment towards customers, the Company will also offer protection from the price increase to customers who have booked Tata passenger vehicles on or before 21st January.

Tata Motors PV Business has been witnessing strong demand for its 'New Forever' range of Cars & SUVs and grew by 39% in FY21 over FY20. In Q3FY21, Tata Motors also registered the highest ever sales in last 33 quarters and continues to work on debottlenecking the supply chain and ramp up its output to meet the increased demand.

Shares of TATA MOTORS LTD. was last trading in BSE at Rs.289.4 as compared to the previous close of Rs. 290.45. The total number of shares traded during the day was 14867458 in over 104926 trades.

The stock hit an intraday high of Rs. 306.9 and intraday low of 278.3. The net turnover during the day was Rs. 4411465966.


Source: Equity Bulls

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