Various auto Original Equipment Manufacturers (OEMs) have announced an increase in the prices of their cars and bikes from April 1. He attributed the hike in prices to overall inflation in the market as well as regulatory requirements like BS6 Stage II – which required vehicles to comply with stringent emission norms. Companies have started updating their model lineup to be in line with the latest requirements.
From April 1, vehicles will be required to have on-board self-diagnosis equipment to monitor real-time driving emission levels. The device will continuously monitor key vehicle components such as catalytic converter and oxygen sensor to meet the emission norms.
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Maruti Suzuki is increasing the prices of its models from next month to partially offset the impact of rising inflation and regulatory requirements. However, the carmaker has not yet revealed the quantum of the price hike that it intends to implement. The domestic automaker has introduced seven price hikes in small amounts since January 2021 in view of the rise in input costs over time.
It is for these reasons that Honda Cars India will increase the price of one of its best selling models, the Amaze. The price of the model will increase by approx. 12,000, depending on the variant. The sedan is currently priced from 6.89 lakhs and extends all the way up to 9.48 lakh (ex-showroom) for the top-end variant.
Hero MotoCorp is also increasing the ex-showroom prices of its two-wheeler range from next month. The increase in prices will be around two per cent and has been largely due to cost increase in view of compliance with OBD2 and RDE regulations. The exact amount of the price hike will vary depending on the model and market.
The prices of Tata Motors commercial vehicles will also be increased by up to 5% ahead of the BS6 Stage II norms.
First published date: March 28, 2023, 11:30 AM IST
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