New Delhi, Feb. 1: Bike maker Royal Enfield, a part of Eicher Motors, on Monday said it will increase prices of its models once the new stricter emission norms are implemented.
The company is working on upgrading all its entire models and will shift all of them to a new engine platform from April this year to make the products compliant with stricter emission norms of "Bharat Stage (BS) III" for two-wheelers in 13 cities and BS II in the rest of the country.
"Most definitely the new bikes will be expensive. The new engines will be of a different calibre and that will make them expensive," the Eicher Motors managing director and CEO, Mr Siddhartha Lal, told reporters here.
A Royal Enfield bike now costs close to Rs 1 lakh.
He, however, refused to give further details like the prospective date for making any formal price hike or the likely quantum of the hike.
— PTI