Several automotive original equipment manufacturers (OEMs) have announced price hikes for their cars and bikes from April 1. They have attributed the rise in prices to general market inflation as well as regulatory requirements such as BS 6 Phase II, which requires vehicles to follow stricter emission norms. Companies have started updating their model lines to meet the latest requirements.
From April 1, vehicles will be required to have an on-board self-diagnostic device to monitor driving emissions levels in real time. This device will constantly monitor key parts of the vehicle, such as the catalytic converter and oxygen sensors, to meet emission standards.
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Maruti Suzuki is raising the prices of its models from next month to partially offset the impact of rising inflation and regulatory requirements. However, the automaker has yet to reveal the amount of price hike it plans to implement. The homegrown automaker has had seven price hikes since January 2021 in small amounts as input costs have been rising over time.
Honda Cars India will increase the price of Amaze, one of its best-selling models, for the same reasons. The price of the model will increase around ₹12,000, according to variants. The sedan is currently priced from ₹6.89 lakh and extends to ₹9.48 lakh (ex-showroom) for the top-end version.
Hero MotoCorp will also increase the ex-showroom prices on its two-wheeler range from next month. The price increase will be around two percent and has been largely due to cost increases following compliance with OBD 2 and RDE regulations. The exact amount of the price increase will vary by model and market.
Tata Motors commercial vehicle prices will also increase by up to 5% ahead of BS6 Phase II norms.
Date of first publication: March 28, 2023, 11:30 AM IST
