Honda Cars India is considering to increase vehicle prices by up to 1.2 per cent from next month to offset rise in cost of raw materials and introduction of new safety features, as per a senior company official.
The company currently sells a range of models from premium hatchback Brio to premium sedan Accord Hybrid, priced between Rs 4.73 lakh and Rs 43.21 lakh (ex-showroom Delhi).
“We are working on price increase on our models from July,” HCIL Senior Vice President and Director Sales and Marketing Rajesh Goel told PTI.
He said the cost of raw material has gone up in the last few months, but the same is currently being absorbed by the company.