Tata Motors Price Hike: To comply with the more stringent BS6 phase II emission norms, the domestic automaker is increasing prices by up to 5 per cent from next month.
Tata Motors Price Hike: Tata Motors has announced on Tuesday, March 21, that it will be implementing a price increase on its commercial vehicles from next month. To comply with the more stringent BS6 phase II emission norms, the domestic automaker is increasing prices by up to 5 per cent. The new prices come into effect from April 1.
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“The decision to increase prices is a result of the company’s efforts to comply with the more stringent BS6 phase II emission norms,” the company said in an official release.
“As Tata Motors transitions its entire vehicle portfolio to meet these standards, customers and fleet owners can expect a range of cleaner, greener, and technologically superior offerings that deliver higher benefits and lower total cost of ownership,” it added.
The price increase will be applied across the entire range of commercial vehicles, with the exact amount varying according to the individual model and variant.
This is the company’s third hike in the year 2023. The automaker had announced the first hike in the prices of its commercial vehicles in January. At that time, the prices were increased by 2 per cent.
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“The company has been absorbing a significant portion of the increased costs, but the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike,” said an official release.
The second hike was done in February when the company announced a price hike across its ICE portfolio of passenger vehicles. At that time, the domestic automaker increased prices by 1.2 per cent.
