Tata Motors is looking to increase passenger vehicle prices from next month to make its model range compliant with stricter emission norms which kick in from April, according to a top company official.

Tata Motors managing director — passenger vehicle and electric vehicles — Shailesh Chandra said the price revision would also offset the impact of commodity prices, which have remained high for most of the year.

“The regulatory change will have its impact on the cost. Even the real impact of softening of commodity prices is only going to come from the next quarter and we still have the residual impact of the commodity escalation that we have seen during the year,” Chandra said.

He noted that even the battery prices have gone up and the same has not been passed on to the market.

“So we are evaluating a price increase on the basis of some of the residual effect that is left as far as the commodity prices are concerned. Battery prices and new regulations have also impacted the EV side,” Chandra added that a cost is involved in making the model range transition to conform to new emission norms.

Besides, he added a cost is involved in making the model range transition to conform to new emission norms.

“We are exploring potential price increase next month because of these factors for both ICE and EVs,” Chandra said.

Tata Motors sells a range of models such as Punch, Nexon, Harrier, and Safari in the domestic market. It leads the electric vehicle segment with products such as TiagoEV and Nexon EV. From April 1, vehicles will need to have an onboard self-diagnostic device to monitor real-time driving emission levels.