Honda to hike car prices by up to 3% from January1 min read . Updated: 16 Dec 2016, 02:28 PM IST
Honda says due to the increasing pressure on input costs, fluctuating exchange rates, we are forced to consider increasing the car prices across our line-up
New Delhi: Honda Cars India Ltd on Friday said it will hike prices of its vehicles across models by up to 3% 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 Rs4.69 lakh and Rs37 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.