News: In regulatory exchange filing the company has informed about price hike of ~2% for its portfolio with effect from April 1, 2023
Views: The price hike is in response to complying with BS6 phase II emission norms and will vary across its product profile. This hike came in marginally higher than expected as company had guided about hike of ~Rs 500-800/vehicle i.e. ~1-1.5% of vehicle ASPs in the past. We expect other industry players to announce similar price hikes, following the industry leader
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