Tata Motors Considering Price Increase For Passenger Vehicles From January


TATA Motors is considering increasing passenger vehicle prices
from next month in order to make its model range compliant
with stricter emission norms which kick in from April I next year,

according to a top company official.

Tata Motors Managing Director - Passenger Vehicle and Electric Vehicles,
Shailesh Chandra was quoted saying by PTI that the price revision would
also offset the impact of commodity prices, which have remained high

for the most part of the year.

“The regulatory change will have its impact on the cost. Even the real
impact of softening of commodity prices is only going to come from next
quarter and we still have the residual impact of the commodity

escalation that we have seen during the year,” Chandra told PTI.

He noted that even though battery prices have gone up, the same was

not passed on to the market.

"So, we are evaluating a price increase basis some of the residual
effect[s] that is left as far as the 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 transition to
conform to new emission norms, he added

“We are exploring [a] potential price increase next month because of
these factors for both ICE (internal combustion engine) and EVs (electric
vehicles),” Chandra said.

From April 1, 2023, vehicles will need to have an on-board self-diagnostic
device to monitor the real-time driving emission levels. The device will

constantly monitor key parts for meeting emission standards such as the
iS So Deed
We are exploring [a] potential price increase next month because of
these factors for both ICE (internal combustion engine) and EVs (electric

vehicles),’ Chandra said.

From April 1, 2023, vehicles will need to have an on-board self-diagnostic
device to monitor the real-time driving emission levels. The device will
constantly monitor key parts for meeting emission standards such as the
catalytic converter and oxygen sensors, to keep a close watch on

emissions.
Tata Motors sells a range of models like Punch, Nexon, Harrier, ana safari
in the domestic market. It leads the electric vehicle segment with
products like Tiago EV and Nexon EV.

Tata is one of the many car makers to announce an increase in prices.
Last week, Maruti Suzuki too announced that it would increase vehicle

prices from January.

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