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New Emission Rules: Prices of various models of Ve Commercial Vehicles (VECVs) may increase by up to five per cent after stricter emission norms come into force in the country from April this year. This was stated by Vinod Agarwal, Managing Director and Chief Executive Officer (CEO) of VECV, a joint venture between Volvo Group and Eicher Motors.
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 modification of 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. To monitor the emission levels on real-time basis, vehicles will have to be fitted with a ‘self-diagnostic’ device, which will continuously monitor 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. (Language)
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