Honda Will See New Prices This April!

By By: Vicky.in

Published: Tuesday, March 15, 2011, 18:04 [IST]

The increase on the input costs and the components has not spared the car makers from desisting any price rise. In another couple of weeks, Honda Siel Cars will effect a rise on its models barring its sedan Accord, by 2-3%.

The rise will also be effective from Ford and General Motors who cited the same reasons for the rise. The President and MD for Ford India said the rise in input costs has become a major concern with much worries to the company along with all major car makers globally. He said a review on the rise will be made by this month end as the company has shelled out 0 million in its Chennai facility in enhance the production to 2 lakh units a year. Further the company will erect the unit for delivering new engine with the annual capacity of 2.5 lakh units.