Tata Motors has announced to increase the price of all its commercial vehicles by up to 2% today i.e. on 19th June. The increased prices will be effective from 1st July 2024. The company has given this information in the exchange filing. Tata Motors said that this decision has been taken due to the increase in commodity prices. The company says that the price hike will be applicable to the range of all commercial vehicles and the increase will vary according to different models and variants. Tata Motors stock gave a return of 73.77% in one year Today Tata Motors stock is trading at Rs 983 with a fall of 0.29%. In the last one month, Tata Motors stock has seen a rise of 3.40%. At the same time, this stock has given a return of 34.93% in the last 6 months and 73.77% in one year. Tata Motors’ annual profit increased by 1000% Tata Motors’ profit in FY 2024 increased by more than 1000% to Rs 31,807 crore. In the financial year 2023, the profit was Rs 2,689 crore. On May 10, Tata Motors released the fourth quarter and annual results. At the same time, in the fourth quarter i.e. the three months of January-March, Tata Motors’ annual profit increased by 218.93% to Rs 17,528.59 crore. In the same quarter a year ago, the company had recorded a consolidated net profit of Rs 5,496.04 crore. Annual revenue reached record 4.37 lakh crore Tata Motors’ revenue for the full year (2023-2024) increased to 4.37 lakh crore, this is the company’s record of highest revenue in any year. In the financial year 2022-2023, the revenue was Rs 3.45 lakh crore. That is, the revenue has increased by 26.58%. Tata Motors’ India business is now debt free Tata Motors’ Group Chief Financial Officer PB Balaji had said, ‘It is a pleasure to report the results of FY 2024. Tata Motors Group recorded its highest ever revenue and profit. Our India business is now debt free and we are on the path to becoming debt free on a consolidated basis by FY25.
