Honda Cars India plans to increase the
prices of its vehicles from January to partially offset the impact of the
riding input costs, according to a senior company official.
The Japanese carmaker sells three models
– Elevate, City, and Amaze – in Bharat.
Honda Cars India Vice President
(Marketing and Sales) Kunal Behl said the company will increase the prices of
its models from next month due to pressure on input costs.
“The model-wise amount of increase will
be finalised by the end of this month. Our new model Elevate which was launched
at an introductory price has been well received by the market with very high
customer consideration. The introductory price will be valid till December 23
and the price will be revised from January 2024,” he noted.
Maruti Suzuki, Mahindra & Mahindra,
and Audi India have also announced plans to hike prices of their passenger
vehicles from January 2024 citing reasons, including cost pressure driven by
overall inflation and increased commodity rates.
Besides, Tata Motors and Mercedes-Benz
India are mulling increasing the prices of their models from January.
PTI
