Tata Motors shares dips after commercial vehicle price hiked 2%

Shares of Tata Motors fell 0.24 per cent to 784.50 on the NSE at 12:25 pm today.

Tata Motors, India’s leading commercial vehicle manufacturer, announced a price hike of up to 2 per cent across its entire range of trucks and buses, effective January 1, 2025.

• Read more: Tata Motors to raise commercial vehicle prices by 2% due to input cost increase, applicable to trucks and buses

Tata Motors reported a decline in its Q2 FY2025 results. The company’s net profit fell by 10 per cent to ₹3,450 crore, while its revenue from operations decreased by 3.7 per cent to ₹104,444 crore compared to last year.

“The price increase is to offset the rise in input costs,” said Tata Motors.

The stock hit a 52-week high of ₹1,179.05 on July 30, it hit a 52-week low of ₹695.90 on December 21,2023 on the BSE.