Honda to hike car prices next month

Honda Cars India Ltd (HCIL) will increase prices of its vehicles across models by up to 2 per cent from April to offset cost of OBD (on-board diagnostics) compliance and freight increase.

“We are increasing car prices from April 1, by an amount of up to 2 per cent. The details are still being worked out,” a company official said.

At present, the company sells hatchbacks Brio and Jazz, sedans City, Civic, Accord and sports utility vehicle CR-V at prices ranging from Rs.4.1 lakh to Rs.27.38 lakh (ex-showroom Delhi), The price hike comes at a time when HCIL is witnessing a decline in sales.