Tata Motors Investor Relations Updates – Prices Of Tata Motors Vehicles Increased, Know How Much Increased – Models like Tiago, Tigor, Nexon, Altroz, Harrier are available the portfolio of Tata Motors. the company has probably made this increase because of the rising cost of raw materials.
Tata Motors Investor Relations Updates – Prices Of Tata Motors Vehicles Increased, Know How Much Increased
It is worth noting that models like Tiago, Tigor, Nexon, Altroz, Harrier are available the portfolio of Tata Motors. the corporate has probably made this increase because of the rising cost of raw materials.
Tata Motors President Passenger Vehicles Business Unit Shailesh Chandra told news agency PTI last week that the company has passed on only alittle a part of the burden of rising raw material costs to customers.
Chandra had said, ‘We have seen an enormous increase within the price of steel and other precious metals within the last one year. the rise in commodity prices within the last one year has had a financial impact of 8 to 8.5% on our revenues.
Took many other measures
He said that the company has already taken several other measures to attenuate the impact of rising costs in order that the purchasers aren’t burdened much. Chandra said, “But the gap remained because of high prices of essential commodities. So we are forced to extend the worth .
It is worth noting that within the first month of July, Maruti Suzuki India has increased the costs of the many of its models by up to Rs 15,000. Similarly, Honda has also announced to extend the costs of all its models from August.
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