Those of you planning to purchase a new Honda car early next year will have to spew out more money than you would need to if you bought it by the end of 2016. That’s because Honda Cars India has officially announced a price hike of 3% for all models.
The news is hardly surprising, though. After all, apart from yearend schemes and offers, carmakers are also known to revise the prices of their offerings toward the end of each year.
“Due to the increasing pressure on input costs and fluctuating exchange rates, we are forced to consider increasing the car prices across our line-up. The increased price will be effective from the first week of January 2017,” said Yoichiro Ueno, President and CEO, Honda Cars India, while announcing the forthcoming price hike.
The year 2016 has been a pretty eventful one for Honda Cars India. The Japan-based automaker launched two new models including the Honda BR-V crossover, as well as the Honda Accord Hyundai sedan in addition to the facelifts of a couple of existing models — the Brio hatchback and the Amaze subcompact sedan. Not only that, the newly introduced Honda Accord Hybrid also won the title of the Green Car of the Year at the NDTV Car and Bike Awards 2017.
Meanwhile, on a related note, other auto manufacturers including Tata Motors, Nissan, and Volkswagen are also planning to increase the price of their respective products. While Tata reportedly plans to increase its car prices from Rs 5,000 to Rs 25,000, all Nissan vehicles will probably see a hike of Rs 30,000. On the other hand, Toyota and Hyudani are expected to increase their prices by 3%.