Honda Cars India hikes prices, City dearer by INR 48k – Report
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Mobilio’s price hike yet to be fixed.
Honda Cars India has hiked prices of the Brio, Amaze, City and CR-V. The hike (between INR 15,000 to INR 60,000) comes after excise duty benefits were withdrawn from January 1, 2015, and also to offset rising input costs.
The Brio is now pricier by INR 15,000 to INR 18,000. Petrol variants of the Amaze on the other hand see a price increase of INR 19,000 to INR 23,000, while the more popular diesel variants are dearer by INR 23,000 to INR 26,000.
Honda’s best selling model in India, the City, will be costlier by up to INR 48,000. Petrol variants powered by the 1.5L i-VTEC engine cost INR 33,000 to INR 46,000 more whereas the diesel models cost INR 37,000 to INR 48,000 more. The Japanese car maker’s flagship offering in the country, the CR-V, costs INR 60,000 more now. The car maker is still contemplating the price hike for the Mobilio MPV.
Honda Cars India closed 2014 with record sales of 179,816 units, a marked 67 percent increase over CY 2013. Its December 2014 sales at 14,428 units was a 163 percent growth compared to December 2013.
All car makers in India have announced price hikes effective January 2015, though the announced rates (of between 2-5 percent) have not factored in the reversal of excise duty.
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[Source – Times of India]