Tata Motors Warns of Margin Pressures From Costs
Tata Motors warns of further margin hits from rising commodity costs driven by the Iran war. The automaker plans price hikes while experiencing a surge in electric and CNG vehicle demand.
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TATA MOTORS LTD /NEW warned Friday morning of an incoming price hike as surging commodity costs squeeze profit margins, with executives pointing to persistent market uncertainty as the primary challenge. The automaker anticipates a 3% revenue hit to its passenger vehicles division in the current quarter following a 4% impact in the prior period. The warning arrives as energy and raw material costs climb following the conflict involving Iran.
