Tata Motors said it will raise the prices of cars and sport-utility vehicles from April to offset higher costs to make the products compliant with India’s new emission standards.
A price hike in April will be the second in as many months. Auto makers including Tata Motors increased prices by up to 2% in late February after the government raised.
India will implement the new standards, called Bharat State-IV and comparable to Euro-IV, in 13 major cities including New Delhi and Mumbai on April 1. The remaining cities will move to BS-III from BS-II by October, but that may not raise costs at auto makers as most of the vehicles already meet BS-III standards.
The price is primarily due to increase in the costs which are due to the new emission norms.
