Big Update! Maruti Suzuki & Tata Motors Announce Mid-Year Price Hike on THESE Vehicles, Check Details

Tata Motors, India’s leading commercial vehicle manufacturer, has announced a price hike across its commercial vehicle lineup, following a similar move by Maruti Suzuki. The price increase, set to take effect from April 1, 2025, will be up to 2%. The company cited rising input costs as the primary reason behind this decision. Earlier, Maruti Suzuki also announced a price hike on its vehicles, attributing it to increasing operational expenses and inflationary pressures.

Why is Tata Motors Raising Vehicle Prices?

The auto industry has been facing significant cost pressures due to rising raw material prices, higher logistics expenses, and supply chain disruptions. Tata Motors stated that the price revision is necessary to offset these increasing costs. However, the hike will vary depending on the specific model and variant of the commercial vehicle.

Impact on the Commercial Vehicle Market

The announcement by Tata Motors is expected to have a ripple effect across the automobile sector. Price increases in commercial vehicles can affect logistics companies, transport operators, and businesses that rely on these vehicles for daily operations.

Earlier the same day, Maruti Suzuki India Ltd also announced a price increase of up to 4% on its vehicles, effective from April 2025. The company cited similar reasons, including inflationary pressures and rising operational costs.

Tata Motors' Financial Performance

Despite maintaining strong sales, Tata Motors recently reported a decline in net profit. The company's consolidated net profit dropped by 22.41% to ₹5,451 crore in the third quarter of FY25 compared to the same period last year. However, revenue from operations showed a modest growth of 2.71%, reaching ₹1,13,575 crore.

Stock Market Reaction

Tata Motors stock price closed 0.84% higher at ₹660.90 on the Bombay Stock Exchange (BSE) on Monday. Since the price hike announcement came after market hours, it will be crucial to see how Tata Motors share reacts to the news on the next trading session.

On the other hand, Maruti Suzuki's share price reacted to the price announcement as it came during market hours. The Maruti Suzuki stock closed 0.35% higher at ₹11,553.70 from the last trading session.