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.
"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