The hike in prices on all models in India is due to increase in pressure on input costs, impact of custom duty hike over past few months and higher freight rates.
10 Jul 2018 | 3853 Views | By Autocar Professional Bureau
Honda Cars India has announced a price hike on its models in the range of Rs 10,000 – Rs 35,000 and the revised prices will be effective from 1 August 2018.
Rajesh Goel, senior vice president, sales and marketing, Honda Cars India said, “Due to the increasing pressure on input costs, ...
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Honda Cars India has announced a price hike on its models in the range of Rs 10,000 – Rs 35,000 and the revised prices will be effective from 1 August 2018.
Rajesh Goel, senior vice president, sales and marketing, Honda Cars India said, “Due to the increasing pressure on input costs, the impact of customs 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. The introductory price of the recently launched Amaze will also be revised from August.”
Honda Cars India strongly recovered from a sharp slump in April to post robust sales, selling 15,864 units and growing a remarkable 41 percent (May 2017: 11,278). The main factor for this significant recovery is the commencement of dispatches of the new second-generation Amaze, which was launched on May 16 and sold 9,789 units in the month, the highest number any model has ever been able to individually clock in the Japanese carmaker’s portfolio.
Also read: Top 10 Passenger Vehicles – May 2018 | Alto supreme, Dzire, Baleno and Swift close in on 20,000 mark