Honda Cars India increased price of its vehicles across all their vehicles by upto Rs.10,000, more manufactures are planning price hike this month. Toyota, Kirloskar Motor, Tata Motors and Skoda had already hinted about the price hike.
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).
Compact sedan Amaze is 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.
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.
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.
Every year most the price changes for all the vehicles happen by January.