Tata Motors to hike commercial vehicle prices by 2% from July 1, 2024

20 Jun 2024 CW Team

Tata Motors announced via an exchange filing, that it will raise prices of its commercial vehicles by up to 2% effective July 1, 2024. This decision is aimed at equalising the impact of rising commodity prices. The price adjustment will be applied across Tata Motors' entire range of commercial vehicles, with specific increases varying by model and variant.

Tata Motors, a prominent manufacturer of trucks and buses in India with a global presence, recently disclosed selling 29,691 commercial vehicles in May, marking a 2% increase compared to the same period last year. The breakdown of sales showed varied performance- while overall truck sales amounted to 12,402 units, Heavy Commercial Vehicles (HCVs) experienced a 3% decline, dropping from 8,160 units in May 2023 to 7,924 units in May 2024. In contrast, the Intermediate Light Medium Commercial Vehicle (ILMCV) segment saw substantial growth, with sales rising by 30% from 3,450 units to 4,478 units during the same period. The move by Tata Motors to adjust prices could prompt other automakers to consider similar measures in response to escalating costs of commodities.

(Source: ET)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..