Honda Cars to hike vehicle prices by up to 2% from January-OxBig News Network

From left, Vice President of Marketing and Sales of the Honda Cars India Ltd. Kunal Behl, the company’s President and CEO Takuya Tsumura, the company’s Marketing and Sales Director Ryuto Shimizu, and Product Development Team representative for the All-New Amaze from Honda R&D Asia Pacific Peerachet T at the global debut of the All-New 3rd Generation Honda Amaze, in New Delhi, Wednesday, Dec. 4, 2024.
| Photo Credit: PTI

Honda Cars India on Friday (December 20, 2024) said it will hike prices across its model range by up to 2 per cent from January next year, in order to partially offset the impact of rising input costs.

The company sells models like Amaze, City and Elevate in the domestic market.

The automaker will increase the prices of its models by up to 2% from the beginning of January 2025, Honda Cars India Vice President – Marketing and Sales Kunal Behl said.

The company has been making strong efforts to absorb price increases during this year, ensuring minimal impact on customers, he added.

“However, due to the continued rise in input costs and logistics, a small portion of this impact will be passed on to customers through a price revision from the new year,” Mr. Behl said.

Additionally, the all-new third generation Amaze which was launched at a very competitive introductory price, will also see a price revision by mid of next month, he added.

Already various carmakers including Maruti Suzuki, Hyundai and Tata Motors have announced price hikes from January.