In your interest.
Online Personal Finance Magazine
No beating about the bush.
Tata Motors will increase prices of its commercial vehicles by up to 2% on account of the new emission norms that will be implemented from April
Tata Motors Ltd on Tuesday said that it will increase prices of its commercial vehicles by up to 2% on account of the new emission norms that will be implemented from April, reports PTI.
"Prices can go up by 1%-2% of the total vehicle cost. New emission norms require new technologies, therefore the prices will have to go up," Tata Motors president for commercial vehicles Ravi Pisharody told reporters in New Delhi.
Passenger cars and commercial vehicles will switch to Bharat Stage IV emission norms in 13 cities, while the rest of the country will become Bharat Stage III compliant.
However, the company's managing director for India operations PM Telang declined to comment on the quantum of increase on passenger vehicles and said, "There will be an increase in prices of passenger vehicles but I cannot comment further right now."
Another commercial vehicle maker Ashok Leyland Ltd too has announced a price hike of up to 15% for its vehicles before the new emission norms come into effect.