Honda to hike car prices

Honda to hike car prices                  Honda Cars India has announced that it will increase its prices on its models ...

Honda to hike car prices 

 

            Honda Cars India has announced that it will increase its prices on its models by contrast to the hike in sales of vehicle companies as part of the year-end sales. From January 1, 2018, Honda has been hiking the prices of car models by up to Rs 25,000. With input costs increasing, the prices are increasing on the models. "We plan to increase the prices of all models from January 1 to 2 percent," Honda Cars India Ltd official spokesperson said.

The main reason is the increase in base metal costs. While Honda Cars is selling Hatchback Brio from Rs 4.66 lakh, the company sells Accord Hybrid at Rs 43.21 lakh. Hero MotoCorp has announced that it will increase its vehicle prices by 2 per cent to 3 per cent from January 1.