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  • 23 Mar 2022
  • ICICI Securities

Tata Motors undertakes price hike in CV segment

TATAMOTORS - 414 Change: 6.20 (1.52 %)

News: Tata Motors has notified a price increase across its CV portfolio amounting to 2-2.5% starting April 2022, primarily tracking increase in key raw material prices viz. steel, aluminium among others.

Views: With the recent sudden spike in commodity prices, the announced price hikes bode well for the company and would help in recovery of increased cost. The company reported ~50 bps erosion in EBITDA margins in Q3FY22 at 2.6%.

Impact: Positive