Japanese auto conglomerate Honda plans to increase vehicle prices in India from next month and company dealers have been informed about the decision, industry sources said.
The automaker, which is present in the country through a wholly owned subsidiary Honda Cars India Ltd (HCIL), sells a range of vehicles starting from compact sedan Amaze going up to premium SUV CR-V. Amaze prices currently start from Rs 6.17 lakh while the entry level CRV is tagged at Rs 28.71 lakh (ex-showroom Delhi). A company dealer confirmed the development and said the company is hiking the prices from January due to pressure on input cost and currency impact.
The model wise amount of increase will be intimated by the company to them in early January, the dealer added. When contacted, a company spokesperson confirmed the move without sharing any details. Already, various automakers have announced hiking prices of their models from next month. Last week, Renault India said it will increase price of its entire model.
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