Tata Motors to increase prices up to 1.5 pc across PV portfolio from July 1

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New Delhi, (IANS): Tata Motors Passenger Vehicles (TMPV) on Friday announced an increase of up to 1.5 per cent in prices across its passenger vehicle portfolio, including internal combustion engine (ICE) and electric vehicle (EV) models, effective July 1.

The company announced the price revision through a filing on the exchanges.

According to the company, the increase is aimed at partially offsetting the impact of rising input costs and continued inflationary pressures.

TMPV said it continues to absorb a significant portion of the cost escalation internally, while passing on a part of the increase to customers through the latest price adjustment.

The company added that the extent of the price hike will vary across models and variants.

The move will apply across Tata Motors’ passenger vehicle range spanning conventional fuel-powered vehicles as well as electric offerings, it added.

According to the automaker, the revision has been calibrated to ensure that the overall value proposition of its products remains intact despite cost pressures.

Following this, shares of the TMPV traded higher at Rs 385.60 on the BSE.

Other leading automobile companies have increasingly resorted to calibrated price hikes in recent months to protect margins while continuing investments in new products and technology.

Last month, Hyundai Motor India had announced a price increase of up to Rs 12,800 across its model range from June, citing rising input costs, elevated commodity prices and higher operational expenses.

Similarly, Maruti Suzuki India announced a price hike of up to Rs 30,000 across its portfolio from June, attributing the decision to sustained increases in input costs.In addition, Mahindra and Mahindra (M&M) had revised prices for its SUV and commercial vehicle range earlier this year. Tata Motors to increase prices up to 1.5 pc across PV portfolio from July 1 | MorungExpress | morungexpress.com
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EV Popularity in China Accounts for 262,000 Fewer Deaths from Air Pollution

credit, David Veksler

More than a quarter million people are still alive thanks to improvements in air quality linked to “new energy” vehicles in the world’s largest auto market.

With more than 50% of all new cars sold last year in China being hybrids, EVs, or hydrogen-powered, the speed of the adoption has been incredible both for the market itself, but also for public health statistics.

Some 262,000 premature deaths attributable to car exhaust’s effect on the risk for lung cancer, stroke, respiratory diseases, and heart attack, along with 75,000 all-cause deaths estimated to be a result of air pollution, have been avoided according to a study using pollution data modeling.

Around 4 million people are believed to die from these each year, including 1 million in China alone.

Fossil fuel vehicles release a variety of pollutants from the tailpipe, including fine particulate matter of less than 2.5 micrometers (PM2.5), carbon monoxide, and nitrogen dioxide.

A study published on May 13th in Nature Health looked at satellite data from 150 Chinese cities. The authors estimated how much pollution has been removed by the adoption of new energy vehicles, and compared it to a counterfactual in which all cars were still fossil fuel powered—easy enough since this was the reality in China just 15 years ago.

The results were a 23.8% reduction in PM2.5, and a 30% reduction in carbon monoxide, resulting in some 320,000 fewer deaths from air pollution.

Comparatively, the authors found a very small, almost insignificant reduction in nitrous oxide, which they attributed to the diesel semi trucks still used across the majority of the country to transport goods and merchandise. Their long-distance routes and heavy tonnage make them challenging to electrify, although Australia is giving it the best shot.China has waged a very successful war on pollution over the last 10 years, with the “Beijing Blue” being a surprising new weather phenomenon over the capital. EV Popularity in China Accounts for 262,000 Fewer Deaths from Air Pollution
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