Tata Motors Announces Price Hike On Commercial Vehicles From April 2024

Tata Motors has decided to increase its commercial vehicle price by up to 2 percent, effective April 2024. The price hike will be implemented across the entire range of commercial vehicles with different extents

Tata Motors announced in a stock exchange intimation on 7th March 2024 that the company will hike the prices of its commercial vehicles by 2 percent. Although it will be implemented across all commercial vehicle ranges of the company, the extent of the price hike will differ based on specific models and variants. The company further stated that this decision has been made to offset the residual impact of past input costs. 

Recently, Tata Motors also announced the company's demerger into two units – one will house the passenger and electric vehicle segment, as well as Jaguar Land Rover businesses and related investments, while the other unit will deal with the commercial vehicles businesses and related investments. As a result of this demerger, Tata Motors will get even better synergies with separate listings in the stock market. 

Related Link: Tata Motors Announces Demerger To Create Two Distinct Listed Entities: CV And PV

Bonus: Top 3 Tata Small Commercial Vehicles

Although Tata Motors has increased the price of its commercial vehicle segment, the small commercial vehicles (SCVs) from its portfolio are ideal for improving business efficiency and performance. If you are planning to buy the Tata SCV model, here are the details of the top 3 Tata Mini Trucks which can help you make an informed decision.

Tata Ace Gold Diesel

The Tata Ace Gold Diesel is powered by a 702cc compression ignition engine to generate a maximum power of 21.68 hp at 3600 rpm and 55 Nm at 2200 rpm. This 1.68-tonne GVW (gross vehicle weight) model has a 750 kg load-carrying capacity to carry market loads efficiently. A minimum turning circle radius of 4300 mm ensures easy navigation through congested cities. The mini truck has a wheelbase measuring 2100 mm for stable last-mile cargo delivery. 

Tata Intra V10

The Tata Intra V10 is equipped with a 798cc DI (direct injection) engine to produce 44.2 hp at 3750 rpm and 110 Nm at 1750-2500 rpm. In the 2.11-tonne GVW range, this model is capable of carrying 1000 kg cargo loads like fruits, vegetables, FMCG, and beverages. Compared to Tata Ace Gold Diesel, it has a relatively higher ground clearance of 175 mm for last-mile cargo transportation even on difficult roads. Its 4750 mm minimum turning circle radius helps manoeuvre the crowded streets.  

Tata Intra V20 Bi-Fuel

The Tata Intra V20 Bi-Fuel is claimed to be India’s first bi-fuel pickup with CNG and petrol fuel options. It is powered by a REVTRN18 1.2 L engine generating 58.4 hp in petrol and 53 hp in the CNG mode at 4000 rpm. For a smooth ride on steep flyovers, the model is designed with a 30 percent gradeability for petrol and 28 percent gradeability for CNG. A small turning circle radius of 5250 mm provides seamless navigation in the traffic.

What We Think

Tata Motors is a big player in the commercial vehicle segment and its decision of price hike will affect the entire commercial vehicle industry. However, the demerger of the company will help boost the commercial vehicles business significantly.

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