Following top two car makers in India – Maruti Suzuki India Limited and Hyundai Motors announcing price hikes earlier in August 2015, country’s third largest car manufacturer, Honda Cars is set to follow suit.
New Honda Cars price will see an increase of about 1-2% and could be implemented from today. The reasons for increase in prices are due to increase in input costs and weakening rupee against the dollar.
Honda Cars which sell the City, Jazz, Amaze, Brio, Mobilio and CR-V in India stated that the company has yet to decide whether to include the recently re-launched Jazz in the price hike or not. This is the third price hike by Honda Cars this year, with the last two price hikes in January and April 2015.
Honda sales during 2014-15 stood at 189,062 units while from April to July 2015 the company sold 63,000 units, a 12% increase over sales in the same period in 2014. This is the best sales performance of the company ever since they set shop in the country.
After launching a series of successful products like the Amaze, City, and Mobilio, the company has now launched new Jazz. The recently launched Jazz has seen instant success in the premium hatchback segment. In the first month of launch, the company sold a total of 6,676 units of Jazz, making it the company’s largest selling car over the Honda City.