Honda Cars India on Monday said it will raise prices of its three models — Brio, Jazz and City — by up to 2.6% with effect from October 1, mainly to make up for rising input costs.
“Honda Cars India Ltd today announced an increase in the price of its volume models — Brio, Jazz and City — in the range of 0.2-2.6% on their current price,” the company said in a statement.
The revised prices will be effective from October 1, 2012.
“The prices have been revised due to the rising input costs, inflationary pressures and increase in freight,” the statement said.
While small car Brio is priced between Rs. 4.05 lakh and R5.23 lakh, the premium compact Jazz is offered at R5.85 lakh to R6.41 lakh, ex-showroom, Delhi.
The company currently sells its flagship sedan City at R7.25 lakh to Rs. 10.46 lakh.
Domestic monthly car sales fell in August for the first time in ten months, as a gloomy economic outlook and high interest rates dampened demand.