Honda Cars India has decided to increase prices of its vehicles from January. This is being done in order to partially offset the impact of riding input costs, according to a senior company official. Honda currently has 3 models: Elevate, City and Amaze in the Indian market.
In an interaction with PTI, 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 the end of this month. Our new model Elevate which was launched at an introductory price has been well received the market with very high customer consideration. The introductory price will be valid till December 23 and price will be revised from January 2024,” he noted.
Other car maker like Maruti Suzuki, Mahindra & Mahindra and Audi India have also announced plans to hike prices of their passenger vehicles in January 2024 citing reasons, including cost pressure driven overall inflation and increased commodity rates.