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Another price hike inevitable due to higher input costs: Tata Motors PV MD Shailesh Chandra
The brief
- Tata Motors PV MD Shailesh Chandra says another price hike is inevitable due to higher input costs
- Price hikes so far have not matched GST 2.0 reductions
- Further price increases may support Tata Motors’ margins but weigh on demand for its passenger vehicles
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| TMPV | Fri, 25 Sept | −1.5% | −1.9% | 2.6× | −1.5% · Nifty +0.3% |
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Tata Motors PV price increases amid cost pressure
Tata Motors Passenger Vehicles is considering gradual price increases as higher input and commodity costs pressure margins. Managing Director Shailesh Chandra said previous increases have not yet matched the GST 2.0 reductions.
Saturday, 26 September
Friday, 25 September
- Another price hike inevitable due to higher input costs: Tata Motors PV MD Shailesh Chandra