Carmakers set to up prices from April 1
With the Government set to implement the Euro IV emission norms from April 1, several carmakers said they would be increasing the prices of their vehicles next month.autos Updated: Mar 28, 2010 16:50 IST
With the Government set to implement the Euro IV emission norms from April 1, several carmakers said they would be increasing the prices of their vehicles next month.
Major automobile-makers including Tata Motors, Fiat, Hyundai, Mahindra and General Motors, plan to up their prices after the implementation of the new emission norms, which will require them to upgrade their products.
"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 in Mumbai.
"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 recommedations of the Mashelkar Committee to control pollution.