Honda To Increase Car Prices By Up To 6,000 From April
NEW DELHI: Honda Car India is planning to increase prices of its vehicles by up to 6,000 from April to offset the impact of adverse exchange rate that has resulted in higher input costs.
Earlier this month the company had increased the prices of its vehicles by up to 79,000 in the wake of the infrastructure cess that was proposed in Union Budget 2016-17.
The company sells six models in India — from hatchback Brio with a starting price of 4.31 lakh to SUV CRV priced up to 26 lakh (ex-showroom Delhi).
“We are planning to hike prices of our entire product range from the first week of April 2016 to partially offset impact of adverse exchange rate resulting in increase input cost,” a Honda Car India spokesperson told PTI.
The company is, however, yet to finalise details of price hike in individual models.
In the post-Budget price hike, the company had increased price of its entry-level car Brio in the range of 4,000 to 6,000, premium hatchback Jazz between 5,000 and 19,500 and mid-sized sedan City from 24,600 to 38,100.
It also increased prices of multi-utility vehicle Mobilio in the range of 21,800 to 37,700 and that of its premium SUV CR-V between 66,500 and 79,000, depending upon different variants.