Tata Motors to raise prices from May 1

Tata Motors stocks trade flat on Monday after the company announced that it will marginally increase price of its passenger vehicles from May 1, 2023.  

According to the release, the weighted average increase will be 0.6%, depending on the variant and model.

Tata Motors said that it has been absorbing a significant portion of the increased costs on account of regulatory changes & rise in overall input costs and is hence compelled to pass on some proportion through this hike.

On Monday, at around 12:41 PM, shares of Tata Motors were trading at Rs471.50 per share higher by 0.42% on the BSE.

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