Honda Car India Limited (HCIL) has announced a rise in price across its entire vehicle lineup by upto Rs 60,000. The price rise is taking place due to the expiry of reduced excise duty concessions and also to offset rising input costs. All the cars such as Brio, Amaze, City and CR-V would be dearer up to some thousands, except for the recently launched Mobilio MPV.
Honda's entry-level offering in the country - Brio hatchback- would witness a hiking in price by up to Rs 15,000-18,000. It would now come in a revised price range of Rs 4.21 - 6.30 lakh. Coming to the sub 4-meter sedan Amaze, it would be costlier by Rs 19,000 - 26000, following this price rise and now would come in a new price domain of Rs 5.18 - 7.78 lakh. The diesel variants are affected much by the price rise as compared to the petrol ones. Talking about Honda's mid-sized sedan City, it would be expensive by Rs 48000. The petrol variants are dearer by up to Rs 33,000 - 46,000, while the diesel ones have borne much as they would cost an extra Rs 37,000 - 48,000. Hence, the revised price of Honda City is in the range of Rs 7.53 - 11.53 Lakhs.
Last but certainly not the least, the CR-V - Honda's flagship SUV - would also have a hiking in price by Rs 60,000 and would now be offered in a new price bracket of Rs 20.85 - 24.96 Lakhs. An official of Honda Cars India said the company is still working on the quantum of price hike for its multi purpose vehicle Mobilio. The move follows the government not extending excise duty concessions given to the auto industry and consumer durables sectors after the expiry on December 31, 2014. The government had extended the excise duty concessions by 6 months in June continuing the previous UPA government's decision to cut excise duty on cars, SUVs, two-wheelers and consumer durables in the interim Budget in February, 2014.