December 11, 2023Business Desk

Tata Motors Shares Rally After Commercial Vehicle Price Hike Announcement Amid EV Expansion

Tata Motors shares rose 1.67% to Rs 726.50 on Dec 11 after unveiling a 3% price hike for commercial vehicles from Jan 1, 2024.

Source: Tata Motors

The increase aims to offset past input costs, following a government mandate for air-conditioned cabins in new trucks from Oct 1, 2025.

Source: Tata Motors

Tata Motors' stock rebounded from a two-session dip, reflecting investor confidence in strategic decisions amid a broader industry trend.

Source: Tata Motors

The company's proactive approach includes collaborations, such as an MoU with Bharat Petroleum, establishing EV charging stations across India.

Source: Tata Motors

The initiative explores a user-friendly payment system, potentially through a co-branded RFID card, to streamline transactions for Tata EV users.

Source: Tata Motors

Tata Motors maintains a dominant 71% market share in electric passenger vehicles, positioning itself as a market leader with a strategic and innovative approach.

Source: Tata Motors