Cars to become costlier from April

Come April, cars are set to cost even more as leading automakers have said

RELATED ARTICLES

they would increase prices of vehicles next month to upgrade and make their products Euro IV emission norms compliant.

Major automakers including, Tata Motors, Fiat, Hyundai, Mahindra and General Motors plan to up product prices with the government set to implement the new emission norms from April 1. It requires vehicles to be upgraded to run on cleaner Euro IV fuel-- to be used in 13 cities-- and Euro III in the rest of the country.

"We will increase prices across all models except the Chevrolet Beat and Spark in the first week of April by up to Rs 6,000 following the new emission norms," General Motors Vice-President (Corporate Communications) P Balendran told PTI here.

"We were compelled to increase prices after the Budget following a hike in excise duty rates. This will be the second price hike by the company after the Budget," Balendran said.

Several car-makers had jacked-up their prices after the Budget and if they do so again in April, it would mean that prices would be going up for the second time in less than two months.

From April onwards, India will adopt stricter emission norms under which 13 major cities will upgrade to BS IV from BS III and the rest of the country would move up from BS II to BS III as per the recommendations of the Mashelkar Committee to control pollution.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Government must exercise hard options to recover cash hoard

    The white paper on black money comes at an appropriate time, although the issue is old.

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Making money come rain or shine

In the games of cricket and musical chairs, timing makes ...

Rajgopal Nidamboor

The right and left of creative poise

There is a fascinating dictum that exemplifies an intriguing simile ...

Jhupu Adhikari

From London to India: Journey of Kalighat paintings

This week’s column focuses on the magnificent exhibition of Kalighat ...