Honda cars become more expensive by up to Rs. 60,000 in India

Honda Cars India has increased the prices of its vehicles in offer for sale in India, as it had announced towards late 2014. The Japanese car major has hiked the prices of its cars by up to Rs. 60,000 sighting the reasons of rising input costs as well as the discontinuation of excise duty concessions by the Indian government.

Honda India has increased the price tags of its vehicles across the range. The company’s entry level car, the Honda Brio hatchback’s price range has been now increased by Rs. 15,000 to Rs. 18,000 making its new price range Rs. 4.21 lakh – Rs. 6.30 lakhs (prices ex-showroom, Delhi).

The Honda Amaze compact sedan’s prices have been increased by Rs. 19,000 – Rs. 26,000, making its new price range stand at Rs. 5.18 – Rs. 7.78 lakhs.

The petrol version of the Amaze has got price hike of Rs. 19,000 – Rs. 23,000 depending on the model, while its diesel variants have become dearer by Rs. 23,000 – Rs. 26,000.

Honda’s flagship model, the new City mid-sized sedan has become expensive by up to Rs. 48,000. The petrol trims of the City have become pricier by Rs. 33,000 – Rs. 46,000, while the City diesel models’ prices are up by Rs. 37,000 – Rs. 48,000. The City price range now stands at Rs. 7.53 – Rs. 11.53 lakhs.

Honda India has also increased the price range of its premium SUV offering, CR-V by up to Rs. 60,000. The CR-V premium SUV will now cost between Rs. 20.85 and Rs. 24.96 lakhs.

As Honda Cars India has hiked up the prices across its range, the new Mobilio MPV’s price range will also go up. However, as per a company official, Honda India has not yet decided on the quantum of price increase for the newly included vehicle in the range. However, the Honda Mobilio’s prices will also surely go up.

Honda Cars India made the decision of increasing the prices of its vehicles following the expiry of the slashed excise duty charges that the Indian government was offering as a gesture of helping the slowdown stricken auto industry. The government has decided not to extent the tax concessions, as the Indian car market has shown enough signs of revival.

Honda is not the only car maker to decide hiking the prices of its cars following the tax concessions expiry on 31^st December, 2014. Indian car market leader, Maruti Suzuki has already announced that it would hike the prices of its vehicles from this month. Indian car majors, Tata Motors and Mahindra & Mahindra have also declared their decisions of price increase owing to higher input costs.

On the other hand, German luxury car major BMW had also made it clear that its products will become more expensive from the first week of January, 2015; while American car major General Motors has also announced its own price hike by up to Rs. 20,000 from this month to help it against rising production costs.