Honda cars price hike: Planning to buy Honda cars? Automobile company plans to increase prices

Honda cars price hike: Planning to buy Honda cars on the festive occasion of Christmas or New Year? Get ready for the price hike in January. 

A Japanese automotive manufacturer that produces a wide range of vehicles, including cars, motorcycles, and power equipment, Honda Cars India plans to hike prices of its vehicles from January. 

The company is known for its reliability, fuel efficiency, and innovative engineering sells three top models- Elevate, City, and Amaze -- in India. 

As per the reports, Honda Cars India is increasing prices of its vehicles due to partial offset the impact of the riding input costs. 

Meanwhile, Honda Cars India Vice President (Marketing and Sales) Kunal Behl said the company will increase the prices 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.

Apart from Honda, citing the factors of cost pressures caused by overall inflation and increased commodity rates, Maruti Suzuki, Mahindra & Mahindra, and Audi India have also announced plans to raise vehicle prices. 

Furthermore, Tata Motors and Mercedes-Benz India are considering raising the prices of their models beginning in January.