Tata Motors vehicle prices to increase from February 1
New Delhi:
Tata Motors said on Friday that it will increase the prices of its passenger vehicles with petrol and diesel engines by 1.2 percent from February 1. Tata Motors said in a statement that the cost has increased due to regulatory changes and increase in total cost and the company is bearing a significant burden on itself. He said that this is the reason why he has to increase the price. According to the statement, from February 1, 2023, the weighted average increase will be up to 1.2 percent depending on the variant and model.
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Explain that the vehicle company Tata Motors has earned an integrated net profit of Rs 3,043 crore in the third quarter of October-December of the current financial year 2022-23. The profit of the company has increased due to good sales of vehicles during the quarter. The company had a net loss of Rs 1,451 crore in the October-December quarter of the last financial year 2021-22.
Significantly, the vehicles of Tata Motors have rocked the market. Tata Motors has increased its market share day by day. Tata Motors has also expanded rapidly in the market of electric vehicles. Tata has the maximum number of variants of electric vehicles in today’s market. In such a situation, Tata has recently reduced the prices of Nexon Ev Prime and Nexon Ev Max to further strengthen its footprint in the market.
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