NEW DELHI: If you intend to acquire a vehicle from one of the Indian automakers, such as Tata Motors, Maruti Suzuki, or Honda, you may want to think again about doing so before April 1 in order to avoid paying extra money afterwards.
Starting on April 1, commercial vehicles sold by Tata Motors, Maruti Suzuki, Honda, and Hero Motocorp are set to see price increases of between 2 and 5%.
The decision to raise prices was reached as the second phase of BS-VI emission regulations is scheduled to begin in the upcoming fiscal year. Even though prices will vary depending on each model and variant, they will increase for all commercial cars.
To partially counteract the effects of "overall inflation and regulatory obligations," Maruti Suzuki India announced it would increase the pricing of its model range in April. The corporation did not, however, disclose the precise price increase it will impose on commercial vehicles.
While the firm makes every attempt to decrease costs and partially offset the increase, Maruti Suzuki India stated that it has become necessary to pass on some of the effects through an increase in pricing.
Tata Motors will raise the cost of commercial vehicles by 5% in addition to upgrading its lineup of passenger cars to comply with tighter emission standards. In advance of the deadlines set by the regulations, "our portfolio has already switched over to BS-VI phase 2 emission limits in February 2023."
According to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra, "We have also updated the goods with better performance, added new technology features, and increased the warranty of our vehicles."
The entry-level Amaze small sedan will see a price increase of up to Rs 12,000 starting next month, according to Honda Motors India. The price increase will differ based on the model's various trims.
According to Honda Cars India Vice President Marketing and Sales Kunal Behl, "We will hike Amaze prices by up to Rs 12,000 with effect from April 1 to factor in the growth in production costs due to the forthcoming severe emission requirements."
Hero Motocorp announced that starting on April 1, it would raise the pricing of its motorcycles and scooters by about 2%. The choice was also made as part of the company's efforts to meet the stricter emission standards.
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