On Friday, Indian carmaker Tata Motors (TAMO.NS) announced a second price rise this year due to rising input costs and regulatory changes making car production more expensive.
“The weighted average increase will be 0.6%, depending on the variant and model,” the auto company stated in a news release. It will take effect on May 1.
In January, Tata Motors raised passenger vehicle prices by 1.2% for the same reason.
With the government requiring automakers to install an emissions monitoring system, automobiles across categories in India have become more expensive.
The month began with Bharat Stage VI gasoline emission requirements.
In the fiscal year ending March 31, India sold the most passenger automobiles ever, driven by SUV sales.
Tata’s Nexon and Punch SUVs topped India’s 2022 sales.
The Federation of Automobile Dealers Associations (FADA) predicted that inflation, vehicle maker price rises, and regulatory changes would slow auto sales growth to a low single-digit percentage in the current fiscal year.
