Honda Cars to hike vehicle prices by up to 2 pc from January

PTI, Dec 20, 2024, 10:42 AM IST

honda (istock)

New Delhi: Honda Cars India on Friday, December 20 said it will hike prices across its model range by up to 2 per cent from January next year, in order to partially offset the impact of rising input costs.

The company sells models like Amaze, City and Elevate in the domestic market.

The automaker will increase the prices of its models by up to 2 per cent from the beginning of January 2025, Honda Cars India Vice President – Marketing and Sales Kunal Behl said.

The company has been making strong efforts to absorb price increases during this year, ensuring minimal impact on customers, he added.

“However, due to the continued rise in input costs and logistics, a small portion of this impact will be passed on to customers through a price revision from the new year,” Behl said.

Additionally, the all-new third generation Amaze which was launched at a very competitive introductory price, will also see a price revision by mid of next month, he added.

Already various carmakers including Maruti Suzuki, Hyundai and Tata Motors have announced price hikes from January.