Comments
Honda Cars India Ltd (HCIL) will increase the prices of its vehicles across models by up to 2 per cent from April to offset the cost of OBD (on-board diagnostics) compliance and freight increase.
“We are increasing car prices from April 1 by an amount of up to 2 per cent. The details are still being worked out,” a company official said.
The increase in prices will be primarily on account of OBD compliance effective from April 1, 2013, and freight increase, the official added.
At present the company sells the hatchbacks Brio and Jazz, sedans City, Civic, Accord and sports utility vehicle CR-V with prices ranging from Rs 4.1 lakh to Rs 27.38 lakh (ex-showroom Delhi) across the models.
The price hike comes at a time when the company is witnessing a decline in sales in a tough market. HCIL had reported a 26.49 per cent decrease in domestic sales for February 2013 at 6,510 units as against 8,856 units in the same month last year.
HCIL is slated to introduce its entry-level sedan Amaze in April, which will be the company’s first diesel offering in India.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.