India's Tata Motors rises after announcing commercial vehicle price hike

Tata Motors

17/09/2026 08:43

** Tata Motors TATM.NS shares rise 1.8% to 432 rupees
** Co announces price increase of up to 1% on its range of commercial vehicles, effective October 1
** Says revision is being taken to offset the rise in commodity and other input costs
     ** Stock trades at forward 12-month P/E of 19.85 vs industry median 24.75 - data compiled by LSEG
** 16 of 19 brokerages rate the stock "Buy" or higher; their median PT is 522.5 rupees
** YTD, shares up 3.8% vs 11.1% fall in shares of peer Ashok Leyland ASOK.NS  

(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com;))