India’s biggest bus and truck maker, Tata Motors, on Wednesday reportedly said it would raise car prices by 2-3% in April on account of higher costs of inputs like steel, and new emission rules.
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“There is a whole host of factors responsible for the price increase, chief among them steel costs and the new emission norms,” Rajiv Dube, vice president for passenger vehicles, told Reuters.
A spokesman for Tata’s commercial vehicles division reportedly said there was no decision yet on raising prices.
A number of other Indian car and motorcycle makers have announced price increases this week, mostly citing rising steel prices.
