Honda cars will cost dearer from April on account of an increase in raw material costs and freight charges. The price hike will be across models (except the W-RV) in a bandwidth of Rs 4,000 to Rs 10,000.
Despite the company's efforts to absorb the commodity pressure, many factors like high input costs and even the rupee's depreciation have compelled it to increase the car prices. However, there won't be any change in the price of the recently launched Honda W-RV. All other Honda cars will be more expensive from April 1.
Jnaneswar Sen, Senior Vice President, marketing and sales, Honda Cars India Ltd. said, "Due to increase in freight charges and input costs, we are forced to consider increasing the car prices for most of our models. The increased price will be effective from first week of April 2017."
Many automobile manufacturers have announced an increment in prices of their vehicles since January 2017 citing rise in input costs and adverse impact of foreign exchange rates. Several other automakers are also expected to follow suit.