As per media sources, the company is planning to hike prices of its cars from next month to make its model range compatible with stricter emission norms, which will be in effect from April 1, 2023
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This follows the recent price hike announcement by the industry leader and is expected to support margins for Tata Motors' PV, segment, which witnessed 70 bps QoQ EBITDA margin erosion in Q2FY23 at 5.4%. However, the key monitorable for the company would still be production ramp up in the near term at its foreign subsidiary JLR
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