India's Tata Motors rises on commercial vehicles' price hike

Tata Motors

17/03/2026 04:54

** Shares of Tata Motors TATM.NS rise as much as 2.11%

** Company says it will raise prices of its commercial vehicles by up to 1.5% from April 1

** Company says the hike is aimed at partially offsetting rising commodity prices and other input costs

** Follows price hike announced by Mercedes-Benz India last week

** Stock rated as "buy" on average by 17 analysts; median PT at 532 rupees, as per data compiled by LSEG

** YTD, stock down 6.7% vs Nifty Auto index down 11.2%

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))