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.

Model Old Price (On-road) New Price (On-road)
Activa 5G INR 64,500 INR 68,657 - INR 70,766
Activa-i INR 61,000 INR 64,639
Activa 125 INR 70,700 - INR 75,600 INR 75,504 - INR 81,464
Dio INR 59,100 - INR 64,700 INR 66,705 - INR 68,965
Aviator INR 62,500 - INR 64,800 INR 70,457 - INR 72,643
Cliq INR 55,300 INR 58,257 - INR 58,825
Grazia INR 68,700 - INR 73,900 INR 75,497 - INR 80,440
Navi INR 48,800 INR 58,720
CB Honet 160R INR 1,03,000 - INR 1,12,000 INR 1,07,569 - INR 1,16,617
CB Unicorn 160 INR 87,300 INR 95,563 - INR 98,332
X Blade 160 INR 95,700 INR 1,00,585
CB Unicorn 150 INR 82,600 INR 89,287
CB Shine SP INR 72,500- INR 79,000 INR 78,813 - INR 83,779
CB Shine INR 70,100 - INR 72,400 INR 75,646 - INR 78,932
CBR 250R INR 1,89,600 - INR 2,22,600 INR 1,96,814 - INR 2,30,206
Dream Yuga INR 62,900 INR 68,773
Dream Neo INR 56,800 - INR 59,800 INR 65,683 - INR 66,011
CD Dream INR 55,000 - INR 56,800 INR 63,178 - INR 63,505
Livo INR 65,200 - INR 67,600 INR 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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