Vehicle Prices: Vehicle prices may increase, investment will be made in meeting emission norms

The prices of passenger and commercial vehicles are expected to increase in the coming times. Automobile companies are planning to invest heavily to meet the stricter emission norms. This norm is to come into effect in April. The Indian Automobile Industry is currently working to complete the second phase of Bharat Stage-6 for its products. This will increase the cost of the companies.

As per the new norms, vehicles are required to have an onboard self-diagnostic device to monitor driving emission levels in real-time. In situations where the emissions exceed the parameters, the device will give a warning on this. This will show that the vehicle needs to be serviced.

Burnt fuel level will be controlled

Vehicles will also have programmed fuel injectors to control the level of fuel burned when the new norms are implemented, which will control the timing and amount of fuel for petrol engines. Also, the semiconductor will have to be upgraded. ICRA Vice President Rohan Kanwar Gupta said that while the norms are likely to lead to a marginal increase in vehicle prices, companies will need to invest together. Changes are being made in the country from BS4 to BS6 with effect from April 1, 2020. Companies have to invest 70 thousand crore rupees in this.

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