Tata Motors announces price hike to offset high input cost in PV segmentTATAMOTORS - 400 Change: -15.00 (-3.61 %)
News: As per media sources Tata motors has announced price hike to the tune of ~1.1% on blended bases, with effect from 23rd April 2022, across its product profile in the passenger vehicle (PV) segment.
Views: This hike came in on expected lines & is following announcement of price hike by other OEM’s like Maruti Suzuki (~1.3%) & M&M (~2.5%). It is largely taken to offset rise in key raw material prices in the recent past. In a separate development, Tata Motors will launch a new electric vehicle for domestic markets on 29th April 2022.