Honda Car India is planning to increase prices of its vehicles by up to Rs 6,000 from April to offset the impact of adverse exchange rate that has resulted in higher input costs.
New Delhi: Honda Car India is planning to increase prices of its vehicles by up to Rs 6,000 from April to offset the impact of adverse exchange rate that has resulted in higher input costs.
Earlier this month the company had increased the prices of its vehicles by up to Rs 79,000 in the wake of the infrastructure cess that was proposed in Union Budget 2016-17.
The company sells six models in India -- from hatchback Brio with a starting price of Rs 4.31 lakh to SUV CRV priced up to Rs 26 lakh (ex-showroom Delhi).
"We are planning to hike prices of our entire product range from the first week of April 2016 to partially offset impact of adverse exchange rate resulting in increase input cost," a Honda Car India spokesperson told PTI.
The company is, however, yet to finalise details of price hike in individual models.
In the post-Budget price hike, the company had increased price of its entry-level car Brio in the range of Rs 4,000 to Rs 6,000, premium hatchback Jazz between Rs 5,000 and Rs 19,500 and mid-sized sedan City from Rs 24,600 to Rs 38,100.
It also increased prices of multi-utility vehicle Mobilio in the range of Rs 21,800 to Rs 37,700 and that of its premium SUV CR-V between Rs 66,500 and Rs 79,000, depending upon different variants.