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Old 14th March 2011, 18:09   #1
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Default Honda to increase prices from 1st April 2011

Hi Folks,
Just read this on ET

NEW DELHI: Carmaker Honda Siel Cars India today said it will hike the prices of all its products, except luxury sedan Accord, by 2-3 per cent with effect from April 1, on account of rising input costs.

"Commodity prices are rising very strongly in recent months. We will raise the prices of all our cars by 2-3 per cent from next month to minimise the impact of strengthening raw material rates," a Honda Siel Cars India (HSCI) spokesperson told PTI.

The company, however, will not increase the price of its luxury sedan Accord, the official said.

The models of the company include flagship sedan City, hatchback Jazz, premium sedan Civic and sports utility vehicle CR-V.

Last edited by punkuz : 14th March 2011 at 18:12. Reason: Mentioned the date wrong
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Old 14th March 2011, 20:29   #2
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Default Re: Honda to increase prices from 1st April 2011

How come that? The Accord has just 25% local content, and the new CKD/ SKD norm change should make it dearer by 5L?
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