- Honda joins several other carmakers in India in announcing price hikes from 2025 onwards.
Honda Motor has become the latest carmaker in India to announce a price hike for its models. The Japanese auto major has joined the list, which includes Maruti Suzuki, Hyundai Motor and Tata Motors, among others, to implement price hikes across its entire portfolio from January next year. Honda will also implement price hikes on its models sold in India, including the recently launched Amaze subcompact sedan. Amaze launches on December 4th.
Honda Motor Co. said it will increase the price of its cars by up to 2% from January 1, 2025. Apart from its only SUV, the Elevate, Honda currently sells the City and Amaze sedans.
As the rising cost of raw materials affects the overall cost of vehicle manufacturing, Honda Motor has decided to increase the prices of Amaze, City and Elevate to relieve some of the burden on customers. “As input costs and logistics continue to rise, a small part of the impact will be passed on to customers through price adjustments starting from the new year,” said Kunal Behl, vice president, marketing and sales, Honda Cars India.
New Honda Amaze price to increase from January
The new Amaze sedan, launched a few weeks ago, will not be able to escape the price hike. Honda said that the new third-generation Amaze will also undergo a price adjustment in the second week of January. Honda launches new Amaze, prices start at $Rs 7.19 Lakh (ex-showroom) $The top-end variant is priced at Rs 10.90 lakh (ex-showroom). Honda will also continue selling the second-generation Amaze subcompact sedan, which competes with the likes of Maruti Dzire, Hyundai Aura and Tata Tigor.
Other automakers announce price increases from January
Nine carmakers in India have announced their decision to increase prices across their product lines from January. Hyundai was the first to announce price hikes, followed by Maruti Suzuki, Mahindra, JSW MG Motors, Tata Motors, Kia, Skoda, Jeep and Citroen.
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First published date: December 20, 2024 at 12:06 pm IST