Tata Motors may raise passenger vehicle prices next month due to higher environmental compliance costs

6 Dec 2022 , 06:31 AM

Tata Motors plans to raise passenger vehicle prices beginning next month to comply with stricter emission standards that go into effect on April 1 of next year.

Shailesh Chandra, managing director of Tata Motors’ passenger vehicle and electric vehicle divisions, told PTI that the pricing adjustment would help lessen the impact of commodity costs, which have been high for the majority of the year.

“The price will be impacted by the regulatory change.” “Even though the real effects of commodity price softening won’t be felt until the following quarter, the year’s long trend of commodity price increases will still be felt,” Chandra said.