Tata Motors is looking to increase the prices of passenger vehicles from next month to make its model range compliant with the stricter emission norms that will come into effect from April 1 next year, according to a top company official.
In an interaction with PTI, Tata Motors Managing Director – Passenger Vehicles and Electric Vehicles Shailesh Chandra said the revision in prices will also offset the impact of commodity prices, which have remained high for most of the year .
Chandra said, “Regulatory changes will have an impact on costs. Even so, the real impact of softening commodity prices is going to come only from the next quarter and we still have the residual impact of the commodity surge that we saw during the year Is.” Told.
Even battery prices have gone up and this has not been passed on to the market, he added.
“So we are evaluating the price hike based on some residual impact as far as commodity prices are concerned. Battery prices and new regulations have also impacted the EV side,” Chandra said.
Besides, there is a cost involved in making the model range compliant with the new emission norms, he added.
“We are looking forward to a possible price hike for both ICEs and EVs next month due to these factors,” Chandra said.
Tata Motors sells several models in the domestic market like Punch, Nexon, Harrier and Safari. It leads the electric vehicle segment with products such as the Tiago EV and the Nexon EV.
On-board self-diagnosis equipment will be required to monitor real-time driving emission levels in vehicles from April 1, 2023. To keep a close eye on emissions, the device will continuously monitor critical parts such as the catalytic converter and oxygen sensor to meet emission norms.
In a scenario where emissions exceed the parameters, the device will indicate through warning lights that the vehicle should be presented for service.
Additionally, to control the level of fuel burn, the vehicles will also have programmed fuel injectors, which will control the timing and amount of fuel injected into the petrol engine.
Even the semiconductors used by the vehicle have to be upgraded to monitor throttle, crankshaft position, air intake pressure, engine temperature and content of emissions from the exhaust (particulate matter, nitrogen oxides, CO2, sulphur) . e.t.c.
Last week, Maruti Suzuki also announced to increase vehicle prices from January.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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