Honda 2Wheeler India price list post mandatory five-year insurance

10/09/2018 - 11:31 | ,   | Suvil Susvirkar

After the Insurance Regulatory and Development Authority (IRDA) made the five-year third-party insurance mandatory as against the current coverage for one year, vehicle manufacturers were forced to increase the prices of their products. The decision was taken after the Supreme Court of India passed the judgement that the third party insurance cover for two-wheelers should be compulsory for a period of five years.

Honda Activa 5G front right quarter at 2018 Auto Expo
Honda's highest selling scooter, the Activa, has witnessed a price hike of INR 4,157-INR 6,266. The new price includes the five-year insurance premium that has been made mandatory following a Supreme Court judgement.

Also read: TVS Radeon vs. Honda CD 110 Dream DX vs. Hero Splendor Plus - Spec sheet comparo

The new on-road prices include the mandatory five-year insurance. We've already published the new prices of the Royal Enfield's portfolio. The mandatory insurance premium on Royal Enfield motorcycles ranges from INR 7,781 to INR 17,558. In the table below are the old and new insurance prices for Honda 2Wheeler products in the Indian market.

ModelOld Price (On-road)New Price (On-road)
Activa 5GINR 64,500INR 68,657 - INR 70,766
Activa-iINR 61,000INR 64,639
Activa 125INR 70,700 - INR 75,600INR 75,504 - INR 81,464
DioINR 59,100 - INR 64,700INR 66,705 - INR 68,965
AviatorINR 62,500 - INR 64,800INR 70,457 - INR 72,643
CliqINR 55,300INR 58,257 - INR 58,825
GraziaINR 68,700 - INR 73,900INR 75,497 - INR 80,440
NaviINR 48,800INR 58,720
CB Honet 160RINR 1,03,000 - INR 1,12,000INR 1,07,569 - INR 1,16,617
CB Unicorn 160INR 87,300INR 95,563 - INR 98,332
X Blade 160INR 95,700INR 1,00,585
CB Unicorn 150INR 82,600INR 89,287
CB Shine SPINR 72,500- INR 79,000INR 78,813 - INR 83,779
CB ShineINR 70,100 - INR 72,400INR 75,646 - INR 78,932
CBR 250RINR 1,89,600 - INR 2,22,600INR 1,96,814 - INR 2,30,206
Dream YugaINR 62,900INR 68,773
Dream NeoINR 56,800 - INR 59,800INR 65,683 - INR 66,011
CD DreamINR 55,000 - INR 56,800INR 63,178 - INR 63,505
LivoINR 65,200 - INR 67,600INR 72,367 - INR 75,051

Honda's top-selling scooter, the Activa, has seen a price jump between INR 4,157-INR 6,266. Honda Navi's prices too have gone up from INR 48,800 to INR 58,720, marking a growth of INR 9,920. The premium segment product, CBR250R's prices have gone up from INR 1,89,600 - INR 2,22,600 to INR 1,96,814 - INR 2,30,206 - a growth of INR 7,214-7,606.

Honda Navi 2018 Patriot Red colour option
The Honda Navi too saw a substantial price hike as the model will receive an INR 9,920 increase.

Also read: Honda Navi reaches 1 lakh sales milestone in India

The new insurance rules apply to all vehicle manufacturers in the country. The increase in prices in fairly substantial but it covers the five-year insurance premium and thus it's highly unlikely that it will affect the buying decision of a potential customer.

[Source: AutocarIndia.com]

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