March 23, 2016: Honda Cars India, which had gone in for a price hike for its various models effective March 1, is planning to once against raise prices by up to Rs6,000 from April 1 to adjust against unfavourable exchange rates.
A company spokesperson said on Wednesday that the company plans to raise prices by up to Rs6,000 for all its six models available in India to partially offset the impact of adverse exchange rates.
Earlier this month, Honda had announced a hike in prices – ranging from Rs4,000 to Rs79,000 – for its various models, following the levy of infrastructure cess by the Indian government, which was announced in the union budget on February 29.
The hikes ranged from Rs4,000 Rs6,000 for the Brio, Rs5,000 to Rs19,500 for the Jazz, Rs24,600 to Rs38,100 for the City, Rs21,800 to Rs37,700 for the Mobilio and Rs66,500 to Rs79,000 for the CR-V.
Many other carmakers had also hiked the price for various models earlier this month after finance minister Arun Jailtey announced the new cess.
Source : BS Motoring
