Honda Cars India to hike car prices by up to 2% from Apr
- AAP hands over Rs 10 lakh to family of Gajendra Singh, family demands memorial, jobs
- UP tells SC that prosecution on boy for post against Azam Khan will continue
- Uttarakhand CM says Rahul Kedarnath trek shows the way for Char Dham pilgrims
- At protest on net neutrality, Congress asks Centre to stop TRAI move
- Latest drone deaths a reminder of risk of 'deadly mistakes'
Honda Cars India Ltd (HCIL) will increase prices of its vehicles across models by up to 2 per cent from April to offset cost of OBD (on-board diagnostics) compliance and freight increase.
"We we are increasing car prices from April 1, 2013 by an amount of up to 2 per cent. The details are still being worked out," a company official said.
The increase in prices will be primarily on account of OBD compliance effective from April 1, 2013 and freight increase, the official added.
At present the company sells hatchbacks Brio and Jazz, sedans City, Civic, Accord and sports utility vehicle CR-V with price ranging from Rs 4.1 lakh to Rs 27.38 lakh (ex-showroom Delhi) across the models.
The price hike comes at a time when the company witnessing a decline sales in a tough market. HCIL had reported 26.49 per cent decrease in its domestic sales for
February 2013 at 6,510 units as against 8,856 units in the same month last year.
HCIL is slated to introduce its much-awaited entry-level sedan Amaze in April, which will be the company's first diesel offering in India.