In India from next month the Japanese automotive giant Honda Cars Ltd India to increase vehicle prices and dealers are aware of the decision, industry sources said. In the country the automaker sells a wide range of vehicles from compact Amaze sedans up to luxury SUV CR-V, through wholly-owned subsidiaries of Honda Cars India Ltd (HCIL).
In India from next month the Japanese automotive giant Honda aims to lift car prices and dealers are aware of the decision, industry sources said.
Rajesh Goel, Senior Vice President Sales, and Marketing at Honda Cars India Ltd. (HCIL) told P TI: “Our supply prices have risen by 4 percent on the basis of the rates of production; we plan to increase vehicle prices to compensate by January; we are currently working on exact walking volumes.
The automaker, which sells a range of cars from compact Sedan Amaze, up to luxury SUV CR-V, through the wholly-owned subsidiary Honda Cars India Ltd, in Germany. The Amaze prices currently start at 6.17 lakh while entrance levels CR-V are 28,71 lakh (ex-showroom Delhi).
A business dealer reported the development and said from January the company raised its prices because of production costs and the effects of the currency. The business would remind them of the smart rise in the model at the beginning of January, the dealer said. A spokesman of the group confirmed that it was moving without providing any details.
Several car manufactures have already announced their next month’s raising prices. Renault India said last week, from January, it will raise the price of its full range of models to as much as 28,000. The firm, which sells Kwid, Duster, and Triber modeling, reported that the price rise from January varies from product to version.
Others like Maruti Suzuki, Ford India, and Mahindra & Mahindra have confirmed that their vehicles will be priced increasing in January, in particular in the form of commodity and other goods, to offset the adverse effects of increased input costs. In addition, the two-wheeled Hero MotoCorp announced that from 1 January 2021, it would raise its vehicles’ prices to 1,500 to offset the consequences of rising input costs “as reported by www.carwale.com”