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Indian Automakers have either already hiked prices or price increases are on the cards, Tata Motors has hiked prices by 5% on commercial vehicles from April 1.

Reasons behind recent price hikes in India's automation sector 

Automakers across the board are increasing prices. This due to overall inflation as well as regulatory requirements.

If you&rsquo;re looking to buy a new vehicle, then get ready to pay a higher price. Automakers have either already hiked prices or price increases are on the cards.
Tata Motors has hiked prices by 5% on commercial vehicles from April 1st. In a regulatory filing, Tata Motors said it is facing cost pressures due to overall inflation and regulatory requirements and that it had become imperative to pass on some of the impact. Hero Moto Corp has increased prices by 2%. Honda has already increased prices by Rs 30,000 across several models from January 1st
Meanwhile, M&amp;M, MG, Kia are mulling raising their prices as well. So, why are auto companies raising prices?
BS6 Stage II Norms will come into effect on 1st April. The transition includes tighter emission regulations, which raises the cost of production. Manufacturers need to upgrade both the software and hardware of the vehicles. Although it will help the environment, consumers should expect to spend an additional ₹15,000 to ₹20,000 depending on the model.
&nbsp;Supply Shortage: Supply chain issues are continuing into 2023. Mike Ramsey, VP Analyst at Gartner said that 'More than two years after the pandemic began, carmakers still cannot forecast an end to shortages of semiconductor chips or the subsequent shortage of vehicles they can produce.' Specifically for electric vehicles, with demand rising, there is a shortage of EV battery raw materials as well
Six airbags mandate: Union Road Transport and Highways Minister Nitin Gadkari has mandated that all passenger vehicles have 6 airbags, for enhanced safety. This rule will be effective in October 2023.

Tata Motors announces hike in commercial vehicles by 5% from April 1. The price increase comes in the wake of the implementation of the more stringent BS-VI phase II emission norms from next month

Tata Motors hikes prices of commercial vehicles by 5% from April 1st 

Tata Motors announces hike in commercial vehicles by 5% from April 1. The price increase comes in the wake of the implementation of the more stringent BS-VI phase II emission norms from next month

Tata Motors has announced a price hike of up to 5% for its commercial vehicles, which will be applicable from April 1. This hike has come in the wake of the implementation of the more stringent BS-VI phase II emission norms from next month.
"The decision to increase prices is a result of the company's efforts to comply with the more stringent BS6 Phase II emission norms," Tata Motors said in a statement. The automaker is upgrading its entire vehicle portfolio to conform to the stricter emission norms, which are set to come into force from April 1.
It also added that the price increase will be applied across the entire range of commercial vehicles, with the exact amount varying according to the individual model and variant.&nbsp;
&nbsp;

In a gesture that has left netizens in splits, friends of a bride and groom gifted them a liter of petrol and diesel on their wedding day, leaving them amused. 
With 'black gold' prices soaring and no respite in sight humour for many has been a coping mechanism.
The video which has gone viral is from Cheyyur village of Chengalpattu district of Tamil Nadu. Petrol and diesel prices have been hiked by more than Rs 9 in Tamil Nadu, with a liter of petrol costing Rs 110.85 per litre and diesel Rs 100.94.

Watch | Couple in Tamil Nadu receives a litre of petrol and diesel on their wedding day

With 'black gold' prices soaring and no respite in sight humour for many has been a coping mechanism

Watch | Couple gifted a liter of petrol and diesel on their wedding day

In a gesture that has left netizens&nbsp;in splits, friends of a bride and groom gifted them a liter of petrol and diesel on their wedding day, leaving them amused.&nbsp;
With 'black gold' prices&nbsp;soaring and no respite in sight, humour for many has been a coping mechanism.
The video which has gone viral is from&nbsp;Cheyyur village of Chengalpattu district of Tamil Nadu. Petrol and diesel prices have been hiked by more than Rs 9 in Tamil Nadu, with a liter of petrol costing Rs 110.85 per litre and diesel Rs 100.94.
&nbsp;

With 'black gold' prices&nbsp;soaring and no respite in sight&nbsp;humour for many has been a coping mechanism

In a gesture that has left netizens&nbsp;in splits, friends of a bride and groom gifted them a litre of petrol and diesel on their wedding day, leaving them amused.&nbsp;
With 'black gold' prices&nbsp;soaring and no respite in sight, humour for many has been a coping mechanism.
WATCH |&nbsp;<a href="https://www.editorji.com/india-news/several-states-protest-against-fuel-hike-as-prices-continue-to-surge-1649386937971">Several states protest against fuel hike as prices continue to surge</a>
The video which has gone viral is from&nbsp;Cheyyur village of Chengalpattu district of Tamil Nadu. Petrol and diesel prices have been hiked by more than Rs 9 in Tamil Nadu, with a liter of petrol costing Rs 110.85 per litre and diesel Rs 100.94.

Petrol, Diesel price hike: Brace for it as the polling draws to a close the price hikes that have been waiting backstage will take centrestage. Here is why the petrol, d

All eyes on petrol diesel price hike today, how large will it be

To draw a comparison as fuel prices have not moved, Jet Fuel prices are up 5 times this year already. Jet fuel prices in 2022 at record high, up 26.3% in 2 months

Fuel prices have been on a freeze since Nov 4&nbsp;

Petrol, Diesel price hike: Brace for it as the polling draws to a close the price hikes that have been waiting backstage will take centrestage. Here is why the petrol, diesel price hikes are set to be big and brutal-:
Also read &amp; watch:&nbsp;<a title="Russia war latest news: US markets collapse, commodities surge on shortage concerns" href="https://www.editorji.com/business-news/markets/russia-war-latest-news-us-markets-collapse-commodities-surge-on-shortage-concerns-1646705524527">Russia war latest news: US markets collapse, commodities surge on shortage concerns</a>
<ul>
<li>Crude basket for India is @ $110/bbl vs $80.5/bbl in November when govt announced excise duty cut</li>
<li>Prices have been on a freeze since Nov 4, record number of days without fuel price change</li>
<li>Experts anticipate a minimum of Rs 15/litre cumulative hike just in March&nbsp;</li>
<li>Petrol price in Mumbai stands at&nbsp;Rs 109.98 per litre, the highest among the metropolitan</li>
<li>Surat, Kanpur, Dehradun, Chandigarh - Cheapest fuel among major cities Sub Rs 96/lt</li>
<li>To draw a comparison as fuel prices have not moved, Jet Fuel prices are up 5 times this year already</li>
<li>Jet fuel prices in 2022 at record high, up 26.3% in 2 months</li>
</ul>

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