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Tata Motors to hike prices of commercial vehicle by up to 2%

Tata Motors to hike prices of commercial vehicle by up to 2%
PTI
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First Published: Tue, Feb 16 2010. 02 11 PM IST
Updated: Tue, Feb 16 2010. 02 11 PM IST
New Delhi: Tata Motors on Tuesday said it will increase prices of its commercial vehicles by up to 2% on account of the new emission norms that will be implemented from April.
“The prices can go up by 1-2% of the total vehicle cost. New emissions norms require new technologies, therefore the prices will have to go up,” Tata Motors president (Commercial Vehicles) Ravi Pisharody said.
Passenger cars and commercial vehicles will switch to Bharat Stage IV emission norms in 13 cities, while rest of the country will become Bharat Stage III compliant.
However, the company’s managing director (India Operations) P M Telang declined to comment on the quantum of increase on passenger vehicles and said, “There will be an increase in prices of passenger vehicles but I cannot comment further right now.”
Another commercial vehicle maker Ashok Leyland too has announced a price hike of up to 15% for its vehicles before the new emission norms come into effect.
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First Published: Tue, Feb 16 2010. 02 11 PM IST