Tata Motors Announces Price Hike Amid Global Auto Industry Shake-Up
Key Ideas
- Tata Motors is implementing a price hike of up to 2% on its commercial vehicle range to offset rising input costs, following a trend in the global auto industry.
- The company has commenced trials of hydrogen-powered heavy-duty trucks funded by the government, aiming to accelerate sustainable mobility in heavy-duty trucking.
- The trials involve 16 advanced hydrogen-powered vehicles with unique configurations and technology, set to operate in India’s busy freight corridors for up to 24 months.
- Despite a 22% drop in profit for Q3 FY25, Tata Motors experienced a sequential profit surge of 62%, with revenue from operations increasing by 3% YoY.
Tata Motors, India's largest commercial vehicle maker, has revealed a price hike of up to 2% on its commercial vehicle range effective April 1, 2025, citing soaring input costs in the global auto industry. This price adjustment will vary across models and variants to counter the rise in input costs. In parallel, Tata Motors has launched trials for hydrogen-powered heavy-duty trucks funded by the government and facilitated under the National Green Hydrogen Mission. The trials, flagged off by Union Ministers Nitin Gadkari and Pralhad Joshi, will assess 16 hydrogen-powered vehicles with cutting-edge technology over a 24-month period. These trucks, utilizing Hydrogen Internal Combustion Engines and Fuel Cell technology, will operate in major freight corridors like Mumbai, Pune, and Delhi-NCR, aiming to pave the way for eco-friendly transportation. The move towards sustainable mobility was lauded by Gadkari, emphasizing the importance of such initiatives for a low-carbon future. Despite a 22% profit decline in Q3 FY25, Tata Motors showed a sequential profit surge of 62%, with revenue from operations increasing by 3% YoY, amounting to ₹1.13 lakh crore during the third quarter.