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Tata Motors on Thursday said it will hike prices of commercial vehicles by up to 2.5 per cent across its range from July 1 to partially offset the impact of rising commodity prices and other input costs. The price increase will vary depending on the model and variant, Tata Motors said in a statement. The price increase is being undertaken to partially offset the impact of rising commodity prices and other input costs, it added.
Tata Motors Passenger Vehicles Ltd on Friday said it will increase prices of its passenger vehicle portfolio, including both internal combustion engine (ICE) and electric vehicles (EV), by up to 1.5 per cent from July 1. "This price revision is being undertaken to partially offset the impact of rising input costs and sustained inflationary pressures," the company said in a regulatory filing. While Tata Motors Passenger Vehicles continues to absorb a significant portion of these increases, a part of the impact is being passed on to customers through this adjustment, the company stated. "The extent of the price increase will vary across models and variants, ensuring that the overall value proposition of each offering is maintained," it added.
Private bus operators here on Tuesday said they may have to increase their prices by around 30 per cent due to the diesel price hike. The diesel price is hovering around Rs 100 per litre and the difficulties in getting diesel have forced bus owners to ply fewer buses, said Pushkar Luley, joint secretary of the Bus Owners and Travel Agents Welfare Association. Around 125 buses ply between Chhatrapati Sambhajinagar and various other cities in Maharashtra and neighboring states, he said. Diesel prices have surged by nearly Rs 7.50 per litre in May amid the West Asia conflict. "We require average 300 litres of diesel per day per bus. Though our dealers are fixed, we now need to check availability of stock. The buses have not stopped plying completely, but we sometimes have to accommodate passengers in other buses if there are empty seats," said Luley. "Ticket prices have not increased yet, but looking at the situation, we will have to raise the prices by at least 30 percent," he ...
Consumers are likely to witness high memory prices, as no significant capacity addition is in the pipeline over the next 12-18 months, a top official of industry body IESA said on Wednesday. India Electronics and Semiconductor Association President Ashok Chandak, on the sidelines of Bharat Digital Infrastructure Association event, told reporters that setting up a memory plant will take time to get established. "Memory makers can not set up a plant in a few days. We are not seeing any significant capacity coming up in the next one and a half years. There will be a price rise due to high demand, and consumers will need to bear the burden," Chandak said. The price of devices, especially smartphones, has gone up by 20-30 per cent in the last six months. The entire memory capacity of memory chip maker Micron in India has been booked due to high demand. Chandak said the ongoing crisis in West Asia is impacting the entire economy, and there is some impact on electronics also. "The criti