Recently, luxury car maker BMW had announced to increase the prices of its cars. The company has decided to increase it by two per cent from next month. Now, the Japanese automobile company Honda has also included in this list, because the company has announced a price hike in India.
The company has informed that the price of different models in Honda cars will be increased by Rs. 10,000. The revised prices will be effective from the 1st April, 2017.
Speaking about the price hike, Senior Vice President, Marketing and Sales of Honda Cars India Ltd. (HCIL), Jnaneswar Sen said, "Due to the increase in freight charges and input costs, we are forced to consider increasing the car prices for most of our models. The increased price will be effective from the first week of April 2017". However, he further added that the prices of the newly launched Honda WR-V will remain unchanged.
Honda’s existing product range in India includes Honda Amaze, Honda WR-V, Honda Brio, Honda Jazz, Honda CR-V, Honda City, Honda BR-V and Honda Accord Hybrid. All these Honda’s cars are priced in the range of Rs 4.69 lakh to Rs 37 lakh.
It is noteworthy that Honda will export its new car WR-V to Brazil. At the same time, the company is exporting its various models to foreign markets. Moreover, the company has introduced an upgraded version of its City sedan last month. And this year, it will also bring its premium sedan – the Civic.