Honda to increase prices from 1st April 2011

punkuz · 14th March 2011, 18:09

Hi Folks,
Just read this on ET

Quote:

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.

Yeldo · 14th March 2011, 20:29

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

14th March 2011, 20:29	#2
Yeldo BHPian Join Date: Feb 2008 Location: Kochi Posts: 764 Thanked: 783 Times	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?
	() Thanks