Volvo Bus-Truck Price Hike: Auto companies will have to upgrade to comply with the Real Driving Emission (RDE) norms that will come into effect from April this year. In such a situation, VECV has indicated to increase the prices of commercial vehicles.
Image credit source: Volvo
Volvo Price Hike: Strict real driving emission in the country from April 1rde) rules will apply. Auto companies are updating the lineup to comply with the stringent emission norms. After these rules come into force, VE Commercial Vehicles (VECV) The prices of different models can increase by up to five percent. Managing Director and Chief Executive Officer of VECV, a joint venture between Volvo Group and Eicher MotorsCEOVinod Agarwal has said this.
VECV sells a range of trucks from 4.9-55 tonnes GVW as well as buses with capacities from 12 to 72 seats.
As far as cost escalation is concerned, it is not the same as shifting from BS-IV to BS-VI, Agarwal said in the analyst call. I think there should be an increase of three to five percent in the cost. He was asked about the changes in his vehicles to meet the new emission norms that will come into effect from April 1.
Aggarwal said that the change in the model will happen in a phased manner in the fourth quarter of 2022-23. From April 1, we will be 100 per cent compliant.
The Indian automobile industry is currently working to make its products compliant with the second level of Bharat Stage VI.
Four wheeler passenger and commercial vehicles will require more sophisticated equipment to meet the next level of emission norms.
Self-diagnostic equipment will be installed in the vehicles to monitor the emission levels on real-time basis, which will continuously monitor the vehicle components. If the emission in a vehicle is exceeding the prescribed limit, it will be warned through lights and the vehicle will have to be sent for repairs.
India has gone from BS-IV to BS-VI emission regime from April 1, 2020. The vehicle industry has had to invest Rs 70,000 crore in technology upgradation for this.
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