Tata Motors is seeking to raise prices for passenger vehicles from next month to bring its model range into line with tougher emissions standards that will come into effect from April 1 next year, a senior official says of the company.
In an interaction with PTI, Tata Motors General Manager – Passenger and Electric Vehicles Shailesh Chandra said the price revision would also offset the impact of raw material prices, which have remained high for most of the year.
“The regulatory change will have its impact on the cost. Even the real impact of the easing in raw material prices will only occur from the next quarter and we still have the residual impact of the raw material escalation that we’ve seen over the year,” Chandra said. said.
He noted that even battery prices have increased and this has not been passed on to the market.
“We therefore assess on the basis of a price increase part of the residual effect that remains with regard to raw material prices. Battery prices and new regulations have also had an impact on the EV side” , said Chandra.
Also, there is a cost involved in transitioning the model range to comply with new emission standards, he added.
“We are exploring a potential price increase next month due to these factors for ICEs and electric vehicles,” Chandra said.
Tata Motors sells a range of models like Punch, Nexon, Harrier and Safari in the domestic market. It leads the electric vehicle segment with products like Tiago EV and Nexon EV.
From April 1, 2023, vehicles must be equipped with an on-board self-diagnostic device to monitor driving emissions levels in real time. The unit will continuously monitor key parts to meet emission standards such as the catalytic converter and oxygen sensors to closely monitor emissions.
In a scenario where the emissions exceed the parameters, the device will indicate through warning lights that the vehicle should be submitted for service.
Additionally, in order to control the level of fuel burned, the vehicles will also be equipped with programmed fuel injectors, which will control when and how much fuel is injected into the gasoline engine.
Even the semiconductors used by the vehicle will need to be upgraded to monitor throttle, crankshaft positions, air intake pressure, engine temperature and exhaust emissions content (particulate matter , nitrogen oxide, CO2, sulphur), etc.
Last week, Maruti Suzuki also announced a price increase for vehicles from January
(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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