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Tata Motors annouced a worth hike of as much as 3% throughout its automobile vary. Nexon and Punch fashions are among the many most impacted by the hike
Tata Motors Share Price
Shares of Tata Motors Limited rose over 1% to Rs 810 in morning commerce on December 10, following the announcement of a worth hike of as much as 3% throughout its automobile vary, together with electrical fashions, efficient January 2025.
This worth improve marks the third hike by the corporate this yr, pushed by rising international commodity costs, excessive import duties on uncooked supplies, and provide chain disruptions.
The Nexon and Punch fashions are among the many most impacted by the hike. The base variants of those widespread fashions, that are at the moment priced at Rs 8.00 lakh and Rs 6.13 lakh (ex-showroom) respectively, are anticipated to see their costs improve to Rs 8.24 lakh and Rs 6.31 lakh.
This worth adjustment comes amid a slowdown within the auto sector, which has led automakers to supply greater reductions and regulate supplier gross sales methods.
Despite the value improve, Tata Motors has confronted difficulties in current months. Over the previous three months, its inventory has been one of many worst performers amongst main four-wheeler producers, with a decline of greater than 22%. Meanwhile, the broader auto sector has additionally struggled with rising enter prices and weakened demand following a interval of robust progress.
Tata Motors isn’t alone in elevating costs. Maruti Suzuki, India’s largest automobile producer, has introduced a 4% worth hike, efficient January 2025, to fight rising enter prices. Hyundai Motor India can also be growing costs throughout all fashions, together with the Venue, Creta, and Ioniq 5 EV, whereas planning to launch the Creta EV subsequent yr.
Luxury carmakers, resembling Audi, BMW, Mini, and Mercedes-Benz, are anticipated to observe go well with with worth hikes within the new yr, reflecting a world pattern within the auto trade to cross on rising manufacturing and logistical prices to customers.
