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Honda Car India announces car price hike up to Rs 10,000

Honda Car India announces car price hike up to Rs 10,000
Nikhil Puthran Nikhil Puthran Monday 11 January 2016, 13:21 PM

Towards the end of last year, many automakers had announced their plans to hike car price in January. Joining the likes of Toyota Kirloskar Motor, Tata Motors and Skoda who have hiked car prices this month, Honda Cars India has also announced an increase in their vehicle prices across models by up to Rs 10,000. The Japanese automaker has raised prices of entry level car Brio by Rs 2,000 and is now available at a range between Rs 4.27 lakh and Rs 6.85 lakh (all prices ex-showroom Delhi).

The compact sedan Amaze now gets costlier by Rs 3,500 and is tagged at Rs 5.26 lakh to Rs 8.56 lakh. The company has increased the price of premium hatchback Jazz by Rs 4,800 and the overall cost is between Rs 5.45 lakh and Rs 8.73 lakh. Multi-purpose vehicle Mobilio and mid-sized sedan City have also become costlier by Rs 3,000 each. These are priced from Rs 6.82 lakh to Rs 11.95 lakh. Honda's premium SUV CR-V price has been increased by Rs 10,000 and is now tagged at Rs 25.23 lakh.

Already, Toyota Kirloskar Motor has raised product prices by up to Rs 31,500. Czech carmaker Skoda has also increased prices of its model range by up to Rs 33,000 from January 1. Similarly, Tata Motors has also hiked prices of its passenger vehicles by up to Rs 20,000 without sharing details. Maruti Suzuki and General Motors had said they would hike prices by up to Rs 20,000 across their different models. Hyundai Motor India had also stated that it would increase prices by up to Rs 30,000, while Renault, Nissan and BMW had said they would increase prices by up to 3 per cent.

Mercedes-Benz said it would hike prices by up to 2 per cent. Every year, carmakers announce at the end of November or December their plans to increase prices of their vehicles by January in the next year. Automobile industry observers say the practice is mostly a tactic to push sales to liquidate stocks after heavy discounting in festive season and before a model year change starts.    

 

 

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