Honda hikes car prices, to be dearer by Rs 12,000
'The price increase is necessitates by increasing input costs and other inflationary pressures', says the Company.india Updated: Jan 11, 2007 14:30 IST
Auto major Honda Siel Cars India (HSCI) on Friday said it has hiked the price of its sedans by up to Rs 12,801 owing to increasing input costs.
The company said the price increase on its sedan models 'City' and 'Civic', to be effective from Saturday, would be at a range of 1 to 1.2 per cent.
While the City variants would see an increase in price between Rs 5,241 and Rs 8,481, variants of the other model 'Civic' would be costlier by Rs 12,801, the company said in a statement.
After the price increase, luxury sedan 'Civic' will come at a range of Rs 10,88,000 to Rs 11,58,000 (ex-showroom Delhi), while Honda City would be available in a range of Rs 6,75,000 to Rs 7,98,000.
The company said, the price increase has been by necessitated by increasing input costs and other inflationary pressures.
Commenting on the price increase, HSCI Senior GM, Marketing Jnaneshwar Sen said, despite the input costs rising steadily for the past two years, the company had not passed them on to the customer.
"We don't like to disturb the prices of products after launch and have absorbed the increase in input costs so far. But now we have to pass on some of the cost increase to the customer," he said.