What the new auto emission norms may mean for India
So, will vehicle prices increase now?
Yes, but it won’t be drastic. Given that norms tighten progressively over five years and companies have tactical options to meet these norms even without aggressively launching new clean fuel models, they will have the space to hike prices gradually. Moreover, as EVs, hybrids and flex-fuel are more expensive than conventional fuel vehicles, the overall market prices may rise in the near future, unless EVs see a drastic decline. “OEMs add efficiency technologies to meet norms, increasing vehicle cost and retail prices,” ratings firm Icra said in a 17 July report.
Post Comment