TL;DR
Tata Motors PV is weighing further price hikes on its cars and EVs in India to counter escalating commodity costs, following two previous price adjustments this year.
Tata Motors Passenger Vehicles (PV) is considering additional price hikes across its portfolio, including both internal combustion engine (ICE) and electric vehicles (EVs), to mitigate the impact of worsening commodity inflation. This follows two rounds of price increases already implemented this year.
Shailesh Chandra, Managing Director and CEO of Tata Motors PV, indicated that the second quarter is expected to severely affect the industry due to commodity price increases. The automaker plans a combination of aggressive cost reduction measures and calibrated price increases to maintain margins. This could also mean further price adjustments for EVs, where Tata Motors is a market leader in India.
