ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • ZNAA'22
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Whopping 1 lakh jobs on the cards in aviation and aeronautical manufacturing sector by 2024, says Minister
  • Money Guru: 10 funds for financial independence, this 15th August - details
  • India's forex reserves jump 60x since 1990s, surge 335 times since Independence | Check this data
  • India@100: Anil Singhvi predicts Nifty will reach 1,75,000 in next 25 years - Here's why
Read in App
Business News » Automobile News

Honda Cars mulls hiking vehicle prices by up to 1.2% from July

Honda Cars India is considering to increase vehicle prices by up to 1.2 per cent from next month to offset rise in cost of raw materials and introduction of new safety features, as per a senior company official. This is the second time this year that the company is mulling to increase vehicle prices.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Honda Cars mulls hiking vehicle prices by up to 1.2% from July
"This price increase is due to accumulated raw material cost increases in the past which we have been absorbing so far and also safety regulation implementation," Rajesh Goel noted. Image source: Pixabay

Honda Cars India is considering to increase vehicle prices by up to 1.2 per cent from next month to offset rise in cost of raw materials and introduction of new safety features, as per a senior company official.

The company currently sells a range of models from premium hatchback Brio to premium sedan Accord Hybrid, priced between Rs 4.73 lakh and Rs 43.21 lakh (ex-showroom Delhi).

"We are working on price increase on our models from July," HCIL Senior Vice President and Director Sales and Marketing Rajesh Goel told PTI. He said the cost of raw material has gone up in the last few months, but the same is currently being absorbed by the company. Goel said the company is contemplating to pass on some of the increase in input cost to consumers. "This price increase is due to accumulated raw material cost increases in the past which we have been absorbing so far and also safety regulation implementation. The increase (vehicle cost) would be up to 1.2 per cent," he noted.

This is the second time this year that the company is mulling to increase vehicle prices. The company had announced to hike prices by up to Rs 10,000 across its model range with effect from February this year.

In January, various other automakers had announced to increase vehicle prices. Car market leader Maruti Suzuki India (MSI) had announced to hike prices by up to Rs 10,000. Besides MSI, automakers like Toyota Kirloskar Motor and utility vehicle maker Isuzu Motors India had also announced plans to hike prices of their respective models from January.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Honda Cars IndiaMaruti SuzukiToyota Kirloskar MotorIsuzu Motors India
Written By: PTI
Updated: Sun, Jun 16, 2019
12:34 pm
New Delhi, PTI
RELATED NEWS
Second generation Honda Amaze crosses 2 lakh cumulative retail sales mark Second generation Honda Amaze crosses 2 lakh cumulative retail sales mark
Honda Cars rolls out festive offers ranging up to Rs 53,500 on its model line-up Honda Cars rolls out festive offers ranging up to Rs 53,500 on its model line-up
How Honda Cars India performed in April 2019? Better or worse? Find out How Honda Cars India performed in April 2019? Better or worse? Find out
Honda Cars India expects to end current fiscal with 8 per cent sales growth Honda Cars India expects to end current fiscal with 8 per cent sales growth
Honda Cars India posts 37.5 pct rise in domestic sales Honda Cars India posts 37.5 pct rise in domestic sales

LATEST NEWS

ICAI CA Foundation Result June 2022: Check date, time and direct link to download CA result

TSLPRB Constable exam dates 2022 for jobs recruitments rescheduled; Check new exam dates, direct link to download hall ticket and more

What Infosys CEO Salil Parekh said on IT spends

India@100: Anil Singhvi predicts Nifty will reach 1,75,000 in next 25 years - Here's why

Will one charger for all daily-use gadgets be a possibility? Government is planning this

Xiaomi Mix Fold 2 foldable phone launch soon: Here's all you need to know

Stock Markets: REVEALED! Why world economies fearing recession but India is emerging even stronger

Watcho App: Watch in Hindi ‘Welcome 2 Life’ and ‘Kairos’; 34 K-Drama, new episodes daily

Raksha Bandhan 2022: WhatsApp status, stickers, GIFs - How to download, send and more

Snapchat lets parents see who their kids are chatting with

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV