Honda Cars India Ltd. announced an increase in prices across its product line-up in the range of Rs 10,000 – Rs 35,000 and the revised prices will be effective from 1 August 2018. The Japanese car manufacturer claims that the revision in the prices is due to increasing pressure on input costs, impact of custom duty hike over the past few months and higher freight rates. Earlier in December 2017, Honda officially announced a price hike of up to Rs 25,000 (Effective from January 2018) on its model range, in order to offset the rise in input costs. Models such as Brio hatchback, WR-V crossover, City, and moreover, the recently launched Amaze will receive a revision in their prices.
Speaking on this, Mr. Rajesh Goel, Sr. Vice President, Sales and Marketing, Honda Cars India Ltd. said, “Due to the increasing pressure on input costs, impact of custom duty hike over past few months and higher freight rates, we are forced to consider increasing the prices of our cars. The increased price will be effective from 1 August 2018.” Further, he also added, “The introductory price of the recently launched All New Amaze will also be revised from August.