Honda to hike prices of its cars in India from August
The company has cited rising input costs as the reason for price revision.
Honda Cars India will increase prices of its entire range from August 2021, the third such revision this year. The company has cited rising input costs as the reason for price revision.
Rajesh Goel, Senior VP and Director, Marketing and Sales, Honda Cars India Limited, said that the prices for raw materials like steel, aluminium and precious metals have increased sharply and many of them are at an all-time high, impacting input costs significantly.
Stating that the revised prices would be implemented from next month, Goel said that considering that the attempt is to keep the cost of acquisition lower, the carmaker are currently deliberating on how much of the additional cost will inevitably be passed on to its customers.
Last month, Honda Cars India Ltd had said that its June sales were better at 4,767 units, up from 2,032 units in May 2021.