Tata Motors to hike car prices in January 2023

It seems like automakers are raising the prices of their automobiles every other day now. This time it has been reported that the country’s third largest automaker Tata Motors is most likely to raise the prices on its entire lineup of vehicles from the new year. Recently in an attempt to make its model line comply with tighter pollution requirements that go into effect on April 1, 2023, Tata Motors is set to increase passenger car pricing starting next month. According to Shailesh Chandra, Tata Motors’ Managing Director for Passenger Vehicles and Electric Vehicles, the updated rates should lessen the effects of commodity costs, which have been high for most of the current year.

Tata Motors to hike car prices in January 2023

While speaking to a media outlet, Chandra stated,

The regulatory change will have its impact on the cost. Even the real impact of softening of commodity prices is only going to come from next quarter and we still have the residual impact of the commodity escalation that we have seen during the year. So we are evaluating a price increase basis some of the residual effect that is left as far as the commodity prices are concerned. Battery prices and new regulations have also impacted the EV side. We are exploring potential price increase next month because of these factors for both ICE and EVs.

The action by Tata Motors is a consequence of a requirement from the Government of India that all cars have an onboard self-diagnostic device by April 1, 2023, to track the pollution levels while driving in real-time. In order to maintain a careful eye on emissions, the device will continually review important components for compliance with emission requirements, such as the catalytic converter and oxygen sensors. When the emissions go over the limits, the system will signal through warning lights that the vehicle needs to be serviced.

Furthermore, the cars from April of next year will also include programmable fuel injectors, which would regulate the timing and amount of fuel pumped into the petrol engine, in order to further reduce the amount of fuel burned. To monitor the throttle, crankshaft positions, air intake pressure, engine temperature, and the components of the exhaust emissions (particulate matter, nitrogen oxide, CO2, sulphur, etc.), even the semiconductors utilised by the car will need to be modified.

In other Tata Motors news, Tata Motors celebrated the sale of 35,000 Tata Nexon EVs with a festive Instagram post that also made fun of the incoming Mahindra XUV400. In a clear allusion to the Mahindra XUV400, which will be on sale in India starting in January 2023, the Instagram image simply stated 35,000>00. Additionally while continuing the success of its electric vehicles in the country the automaker will also be commencing the deliveries of its all-new electric hatchback the Tiago EV.

Late last month Tata Motors announced that 20,000 reservations had been made for its newest electric hatchback so far. There is currently a 4-month waiting time stated Tata Motors. The Tata Tiago EV is available in the XE, XT, XZ+, and XZ+ Tech Lux trims, with a choice between a 19.2kWh and 24kWh battery pack.