In the recent filings by Tata Motors with the exchanges, Tata Motors stated that they are about to increase the price of their commercial vehicles (CV) by 2% .

The price hike will be effective from July 1,2024 . The price hike will be applicable on all models of its commercial vehicles.

Tata Motors stated that the increase in the prices of its commercial vehicle is due to rise in the commodity prices.

This is the third hike in the price of its commercial vehicle. This is the third increase in CV prices this year announced by Tata Motors. Earlier the automaker had announced the first increase in commercial vehicle prices from January 1 up to 3%, followed by 2% from April 1.

The stock price of Tata Motors ended flat at a price of Rs 977.35/share which is 0.87% fall from the previous day close.

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