Honda to hike vehicle prices by up to₹25,000 from January
Honda Cars India on Wednesday said it will increase prices of its models by up to ₹25,000 from January 1, 2018 in order to offset rise in input costs.
"We plan to hike prices across our models ranging between 1-2% from January," a Honda Cars India Ltd (HCIL) spokesperson told PTI.
The company is taking the hike due to increase in the cost of base metals, the spokesperson added.
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HCIL sells models ranging from hatchback Brio with price starting at ₹4.66 lakh to Accord Hybrid priced at ₹43.21 lakh (ex-showroom Delhi).
Earlier this month, Isuzu had announced to increase prices of its models by up to ₹1 lakh.
The company sells models ranging from adventure utility vehicle V-Cross with price starting at ₹13.31 lakh to premium SUV mu-X priced up to ₹25.8 lakh (ex-showroom Delhi).
Last month, Skoda Auto India announced that it will hike prices of its vehicles by 2-3% across the entire model range from January 1.
