Honda To Hike Car Prices By Up To 3 Pct From January
Monday, 19 December 2016, 15:38 IST
NEW DELHI: Honda Cars India Ltd (HCIL) today said it will hike prices of its vehicles across models by up to 3 pct from next month.
"Due to the increasing pressure on input costs and fluctuating exchange rates, we are forced to consider increasing the car prices across our line-up," HCIL President and CEO Yoichiro Ueno said in a statement.
The increased price will be effective from first week of January 2017, the statement added.
The company's product range includes Honda Brio, Honda Jazz, Honda Amaze, Honda Mobilio, Honda City, Honda BR-V, Honda CR-V and the recently launched all-new Honda Accord Hybrid. These are priced between Rs.4.69 lakh and Rs.37 lakh (ex-showroom Delhi).
Other car makers including Hyundai Motor India, Nissan, Toyota, Renault, Mercedes-Benz India and Tata Motors have also announced they would increase prices of their vehicles from January.
Suzuki LJ20 Unveiled at the 2016 Bologna Motor Show
Premium Used Cars for Those Who Like Speed
Maruti Suzuki Ignis to be Launched in India in January 2017