Honda Cars India today said it will increase prices of its models by up to Rs 35,000 from next month to offset a rise in input costs.
The company plans to hike prices in the range of Rs 10,000-35,000 and the revised prices will be effective Aug. 1, Honda Cars India Ltd. said in a statement.
“Due to increasing pressure on input costs, impact of custom duty hike over past few months and higher freight rates, we are forced to consider increasing the prices of our cars,” HCIL Senior Vice-President (sales and marketing) Rajesh Goel said.
The introductory price of the recently launched Amaze will also be revised from August, he said.
HCIL sells models ranging from the hatchback Brio with a starting price of Rs 4.7 lakh to the Accord Hybrid priced at Rs 43.2 lakh (ex-showroom, Delhi).
In April, luxury carmakers such as Audi, Jaguar Land Rover and Mercedes-Benz hiked prices in the range of Rs 1-10 lakh to pass on the increase in custom duties.
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