Mahindra could raise car prices in 2020

  • Published On: 9 August 2018
  • Views
  • 0 Comments
  • Likes
  • 1 min read
  • Download

The overall cost of upgrading models for new safety and emission norms could see prices go up sharply says Mahindra MD Pawan Goenka.

Mahindra could raise car prices.
  • Mahindra could raise car prices.

Pawan Goenka, MD, Mahindra & Mahindra has stated that a big price hike could come thanks to the upgrades required to meet India’s latest crash test and emission norms.

Carmakers will have to upgrade older models to meet safety norms and this could affect prices. The more stringent crash test norms came into effect from October 1, 2017, for new cars and will apply to all cars on sale in the country from October 1, 2019.

Other additional expenses include upgrading to BS-VI emission norms that will come into force from April 2020. The cost of migrating to BS-VI emission norms will be higher for diesel cars as opposed to petrol vehicles. According to some estimates, diesel car prices could even rise to the tune of Rs 1 lakh by 2020.

"When it comes to BS-VI norms, since there is a lot of investment required, there will be a corresponding price increase that might happen along with a price increase due to the safety norms. Hence, we are taking a decision on which models we may decide to not continue beyond March 2020," Goenka said. "Nearly all our models, with the exception of one or two low-volume products, will meet the new safety norms," he added.

Author: Droom

Search Your Dream Vehicle

Select Category

  • Bikes
  • Scooters
OR

Recent News

 Yamaha FZ-X Launched at Rs 1.17 Lakhs in India
Published On : 18 June 2021 | 1 min read

Yamaha FZ-X will be available in the market by the end of June

Click here to Read More
Hyundai Alcazar Launched at Rs 16.30 Lakhs
Published On : 18 June 2021 | 1 min read

Hyundai Alcazar is offered in three grades namely Prestige, Platinum and Signature

Click here to Read More
Hyundai Creta Facelift Launched in Russia
Published On : 18 June 2021 | 1 min read

It is strictly meant for left-hand-drive markets and not the one being tested in Korea for the Indian market

Click here to Read More
Driving License, Vehicle Document Validity Extends Till Sept
Published On : 17 June 2021 | 1 min read

The Indian Govt has extended the validity of driving license & vehicle documents until September 30, 2021.

Click here to Read More
BMW 5-Series Facelift India Launch on June 24, 2021
Published On : 17 June 2021 | 1 min read

The BMW 5-Series facelift had its world premiere last year in May

Click here to Read More
2021 Skoda Kushaq Variant Details Leaked Ahead of Launch
Published On : 17 June 2021 | 1 min read

The all-new SKoda Kushaq will be launched on June 28, 2021, in the country

Click here to Read More