After Maruti Suzuki, now Tata Motors has also indicated to increase the prices of passenger vehicles!

Tata Motors To Hike Prices: After Maruti Suzuki in the new year, now Tata Motors has also indicated to increase the prices of its passenger vehicles. The pressure on the cost has increased due to the rise in commodity prices, so the new emission norms are going to be implemented from April 1, 2023, after which the cost of the companies will increase to meet them. This is the reason why Tata Motors is considering increasing the prices of its passenger vehicles.

Shailesh Chandra, MD, Passenger Vehicles and Electric Vehicles segment of Tata Motors, said that the increase in prices will help in reducing the effect of increase in commodity prices. He said that the prices of commodities are increasing throughout the year. And the reduction in commodity prices will start giving its benefits from the next quarter onwards. He said that the change in regulatory rules will also affect the prices. He said that the prices of batteries have increased and its burden has not yet been passed on to the customers. He said that keeping all the factors in mind, we are considering increasing the prices.

Shailesh Chandra said that the effect of battery prices and new regulation has been seen on electric vehicles. Also, there will be an increase in cost to comply with the new emission norms. He said that due to these reasons, the company is considering increasing the prices next month. Tata Motors manufactures passenger vehicles under the names Nexon, Harrier and Safari. Along with this, the company also manufactures electric vehicles named Tiago and Nexon.

The new emission norms are going to come into effect from 1 April 2023. Under this, the sales of vehicles that do not meet the norms of BS 6 Stage 2 will be stopped. Under the new rules, more such engines are being installed which will be fuel efficient and which will help in reducing CO2 emissions.

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Last week, Maruti Suzuki has also indicated to increase the prices of its vehicles from the new year. And the company has not disclosed the dates.

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