Will passenger vehicles' price hike bring cheer to Tata Motors investors in 2023? Check share price target

Tata Motors Share Price NSE, Tata Motors Share Price Target: Tata Motors is in focus as the automotive maker looks to increase passenger vehicle prices from next month. The stock opened in red at Rs 428.80 apiece on NSE amid a bearish note in the benchmark indices -- Sensex and Nifty50. The counter, however, recovered the losses to trade in green at 11:30 AM, quoting Rs 430.

According to a PTI report, the Tata Group company could hike prices of passenger vehicle from next month in order to make its model range compliant with stricter emission norms which kick in from April 1 next year.

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Tata Motors Managing Director - Passenger Vehicle and Electric Vehicles Shailesh Chandra said that the price revision would also offset the impact of commodity prices, which have remained high for the most part of the year. He noted that even the battery prices have gone up and the same has not been passed on to the market.

Meanwhile, Tata Motors was recommended in Zee Business' Traders Diary show today morning. The company's decision to hike prices will bring better realization in the revenue.

Tata Motors Share Price Target: Rs 510 
Duration: 12 months 

Starting April 1, 2023, vehicles will need to have an on-board self-diagnostic device to monitor the real-time driving emission levels. The device will constantly monitor key parts for meeting emission standards such as the catalytic converter and oxygen sensors, to keep a close watch on emissions. In a scenario wherein the emissions exceed the parameters, the device will indicate through warning lights that the vehicle should be submitted for service.

Additionally, in order to control the level of fuel burnt, the vehicles will also carry programmed fuel injectors, which would control the timing and amount of fuel injected into the petrol engine. Even the semiconductors used by the vehicle will have to be upgraded to monitor throttle, crankshaft positions, air intake pressure, the temperature of the engine, and the contents of the emissions from the exhaust (particulate matter, nitrogen oxide, CO2, Sulphur), etc.

Last week, country's largest carmaker Maruti Suzuki had announced to increase vehicle prices from January 2023.

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