Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Indian automaker Tata Motors has revealed plans to increase prices across its range, including electric vehicles (EVs), starting February 1, 2024. The price adjustment, averaging 0.7%, aims to partially counter the impact of rising input costs. This follows the company's earlier decision to raise prices for its commercial vehicle models, such as the Tata Ace, Tata Intra, and Tata Winger, from January 2024, addressing residual impacts from previous input cost escalations.
In a trend reflective of industry challenges, other automakers like Maruti Suzuki, Mahindra & Mahindra, Honda Cars India, and Audi have also implemented price hikes recently, citing increased cost pressures due to overall inflation and elevated commodity prices.
Tata Motors, despite the pricing adjustments, reported a 4% surge in total domestic sales for December 2023, selling 76,138 units compared to 72,997 units. The growth was particularly notable in the passenger vehicles (PV) segment, including electric vehicles, where the company achieved a 9% increase in sales, selling 43,470 PV units in December 2023, up from 40,043 units in December 2022.
Also Read : Spain Announces €600 Million Subsidy Plan for Energy-Intensive Industries APSEZ Q3 profit rises 65% to ₹2,208 cr
Australia may move closer to a carbon border levy on select imports as a new carbon leakage re...
Australia 17-Feb-2026
Crude oil prices fell on Monday morning despite Iran's drone and missile attacks on Israel. At 9:55...
Energy 15-Apr-2024
Azerbaijan and Kazakhstan have partnered to establish a Hot Briquetted Iron (HBI) plant, marking a m...
Construction 25-Sep-2025
Green hydrogen is emerging as a key lever to decarbonise India’s steel sector, enabling hydrog...
India 31-Oct-2025
Tata Steel Nederland has joined the European Circular Steel for Mass Market Applications (CiSM...
Europe 12-May-2026
On February 14, the Supreme Court made an oral observation suggesting that it would form a panel to...
Mid Corporate 15-Feb-2024