Japanese automobile giant Honda has been in the limelight for sometime now. They have regularly introduced new and interesting products targeted at Indian buyers. Last year they introduced their redesigned City sedan and launched their all new Mobilio MPV in India.
The government of India has decided not to continue with excise duty concession to automobile manufacturers. Most manufacturers had announced in December, 2014 itself they would be hiking prices due to this reason. Honda now reveals the complete breakdown for all their models offered in India.
Honda's smallest offering the Brio hatchback will now cost INR 4,21,000 to INR 6,30,000 ex-showroom, Delhi. The manufacturer has increased the price of this model by INR 15,000 to INR 18,000. Their compact sedan Amaze is now priced between INR 5,18,000 to INR 7,78,000 ex-showroom, Delhi. The hike ranges from INR 19,000 to INR 26,000.
The Japanese manufacturer has also hiked prices of its City sedan and CR-V SUV models. Honda City will now range from INR 7,53,000 to INR 11,53,000 ex-showroom, Delhi. The price has been hiked by INR 33,000 to INR 48,000 for both petrol and diesel models.
The CR-V will now cost INR 20,85,000 to INR 24,96,000 ex-showroom, Delhi. Honda has hiked the price of their premium SUV by almost INR 60,000. The manufacturer explains that these hikes were necessary to offset the rising cost of manufacture.
Honda India has not factored how much it would hike prices of its Mobilio. It is sure to be hiked and a revised price list is soon coming. Every manufacturer has hiked the price of their vehicle from the beginning of 2015 itself.