Honda Vehicles to hike costs of its total mannequin vary from January

Honda Vehicles India plans to extend costs of its automobiles from January so as to partially offset the affect of using enter prices, in accordance with a senior firm official. The Japanese carmaker sells three fashions — Elevate, Metropolis and Amaze — within the Indian market.

In an interplay with PTI, Honda Vehicles India Vice President (Advertising and Gross sales) Kunal Behl stated the corporate will enhance the costs of its fashions from subsequent month resulting from stress on enter prices.

“The model-wise quantity of enhance will likely be finalised by the tip of this month. Our new mannequin Elevate which was launched at an introductory value has been effectively obtained by the market with very excessive buyer consideration. The introductory value will likely be legitimate until December 23 and value will likely be revised from January 2024,” he famous.

Maruti Suzuki, Mahindra & Mahindra and Audi India have additionally introduced plans to hike costs of their passenger automobiles in January 2024 citing causes, together with value stress pushed by total inflation and elevated commodity charges.

In addition to, Tata Motors and Mercedes-Benz India are mulling rising the costs of their fashions from January.