Honda to hike prices of cars from August due to rise in input costs2 min read 04 Jul 2021, 12:31 PM IST
To offset the impact of a sharp increase in the procurement cost of various essential commodities like steel and precious metals the company has decided to increase the prices of vehicles
Honda is currently working out the details of the price hike which would be implemented from August
Honda is all set to increase the prices of its vehicles from August. The price rise will impact various models in its lineup. Honda blames rising input costs, or the cost incurred by the carmaker to produce each vehicle, as the reason behind its decision, a senior company official told PTI news agency.
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