Quote:
Originally Posted by rahul_intlad  Things just keep getting worse,price rise by honda
Honda Siel Cars India Ltd is set to start charging central sales tax on its models since the tax holiday it enjoys in Uttar Pradesh is ending this month.
This will mean that the 'City', which is priced at Rs 6.75 lakh, can be costlier by Rs 20,250. 'Civic', priced at Rs 10.88 lakh, would be dearer by about Rs 32,644 and 'Accord', which is tagged at Rs 14.92 lakh, may cost Rs 44,760 more. |
This is by far the worst price increase by any car maker but somehow seems to have escaped the attention of the members here. We all know that Honda cars are over priced, specially the City, and I don't mean comparing it to competition. Is Honda's profit margin really that squeezed that they have to effect such a dramatic price increase in one shot?