New Delhi, June 18: Tata Motors Commercial Vehicles (TMCV) has announced a price increase of up to 2.5% for its commercial vehicles, effective from July 1. This information was disclosed by the company on Thursday.
In an exchange filing, the company stated that the price hike is attributed to rising commodity costs and overall expenses. The increase will vary across different models but will not exceed 2.5%.
With this adjustment, Tata Motors joins other companies that have raised prices due to increased raw material costs stemming from the ongoing crisis in the Middle East.
Previously, Tata Motors Passenger Vehicles (TMPV) announced a price increase of up to 1.5% for its fuel (petrol, diesel, and CNG) and electric vehicles on June 12, also effective from July 1.
According to the exchange filing, the price rise is due to higher input costs. TMPV mentioned that it is absorbing a significant portion of the cost increase, while passing some of it on to customers through the recent price adjustments.
The company noted that the price increase will vary by model and variant. Other companies, including Maruti Suzuki and Hyundai Motor India, have also raised vehicle prices due to tensions in the Middle East.
Additionally, in the fourth quarter of fiscal year 2026, TMCV reported a 70% year-on-year increase in profits, with revenue rising 22% to ₹24,452 crore. The company also declared a dividend of ₹4 per share.
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