Honda Cars India To Hike Prices Across Range From August 2021
By Charanpreet Singh
1 mins read
Published on July 4, 2021
- Honda Cars India will increase prices of its cars in August 2021
- Honda cited rise in input costs as the primary reason for the price hike
- The Japanese carmaker is yet to disclose the quantum of the hike
Honda Cars India plans to increase the prices of its entire model range effective from August 2021. As reported by PTI, the Japanese automaker has cited an increase in input cost as the primary reason for the price hike. The carmaker looks to offset the impact of a sharp increase in the procurement cost of various essential commodities like steel and precious metals. However, the company hasn't revealed the quantum of the hike, which is expected to vary from model to model.
This will be the third price hike this year as the company had earlier increased prices in April because of rising input costs. In January 2021, prices of Honda cars were hiked as the company cited a rise in input costs to hike prices. The carmaker has four models in its product line-up for the Indian market, including the City and the Amaze sedan.
Rajesh Goel, Senior VP and Director, Marketing and Sales, Honda Cars India today PTI, "The prices for raw materials like steel, aluminium and precious metals have increased sharply and many of them are at an all-time high, impacting our input costs significantly."
He further added that the carmaker is presently working out the details of the price hike which could be implemented from next month.
"Our endeavour is to keep the cost of acquisition lower, so we are currently deliberating on how much of the additional cost we can absorb and how much will be inevitable to be passed on to our customers. The revised prices will be implemented from next month," Goel noted.
With input costs going up, Maruti Suzuki India last month announced that it would increase prices of its entire product portfolio in the second quarter of the financial year 2022. The Indo-Japanese auto major has already effected a price increase in April 2021.
Last Updated on July 4, 2021
Great Deals on Used CarsView All Used Cars
- 70,123 km
- 49,000 km
- 83,000 km
- 85,000 km
- 75,000 km
- 41,489 km
- 1,18,054 km
- 22,376 km
- 44,300 km
- 84,000 km
-8347 second ago
The ministry aims to introduce free medical treatment for injured accident victims in the next three to four months
-6727 second ago
Greaves Electric Mobility has collaborated with Kedia Organisation and is setting up its first dealership in Teku, Kathmandu
-5909 second ago
With the launch slated for 2024, the Lamborghini Urus PHEV was spotted testing at the gruelling Nurburgring race track.
-5512 second ago
The Urban SUV concept is the first in a line of 6 EVs, which the company says will be revealed toward the first half of 2024
-1925 second ago
CFMoto revealed a new mid-size in-line triple engine at EICMA 2023 and now the specifications of the engine have been revealed.
56 minutes ago
India Kawasaki is all set to revive a popular motorcycle name at the upcoming India Bike Week 2023. Hint! It is likely to be a cruiser motorcycle, that was on sale in India many years ago.
3 hours ago
The Mercedes-Maybach GLS 600 was gifted to the actor by her husband, Vignesh Shivan on her birthday
3 hours ago
Hyundai has presented the Ioniq 5 to Shah Rukh Khan to commemorate the 25-year-long association with the brand. It will be the first electric vehicle in his car collection.
4 hours ago
The recall, initiated due to concerns over the manufacturing of certain components, aims to inspect and replace the affected parts
22 hours ago
Prices for the Aprilia RS 457 could be announced at India Bike Week 2023, while deliveries are likely to begin from early 2024 onwards
10 days ago
In the Navratri period, India's largest carmaker- Maruti Suzuki sold 96,700 units reporting a growth of 27 per cent in retail sales when compared to 76,000 units retailed in the same period last year.
1 month ago
Last month, Honda Cars India exported 3,683 units, which is a growth of over 119 per cent as against 1,678 units exported in October 2022.
1 month ago
The service camp will be conducted at authorised dealership facilities across the country from October 16 to October 20, 2023.
2 months ago
The 2020 Honda WR-V facelift will be launched in India on July 2. Initially expected to go on sale in India in April, Honda had already begun accepting bookings for the new WR-V facelift. However, due to the coronavirus pandemic and the resultant lockdown, the company had to postpone the launch to July.
2 months ago
The special-edition Honda City and Amaze are offered in both MT and CVT automatic options