Honda Motor Company will increase the price of every model starting in January

4 Dec 2023 , 03:25 PM

According to a senior corporate official, Honda Cars India intends to raise the prices of their cars starting in January in an effort to somewhat mitigate the impact of increased input costs. In the Indian market, the Japanese automaker offers three models: the Elevate, City, and Amaze.

Honda Cars India Vice President (Marketing and Sales), Kunal Behl, stated in an interview with PTI that the business will raise the prices of its models starting next month as a result of pressure on input costs.

‘By the end of this month, the model-wise increase amount will be finalised. The market has embraced our new model Elevate, which was introduced at a low cost, and customers have shown it a great deal of consideration. The price will be revised starting in January 2024, and the initial price will last until December 23,’ he stated.

In January 2024, Maruti Suzuki, Mahindra & Mahindra, and Audi India also revealed their intentions to raise the costs of their passenger cars. The reasons given were rising commodity prices and cost pressure brought on by general inflation.

In addition, Mercedes-Benz India and Tata Motors are considering raising the pricing of various models starting in January.

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