|Recently launched Honda Jazz may not be a part of price hike models|
The main reason for the hike is the increase in input costs. The depreciation of rupee is also a factor for this rise. The hike is likely to be about 1-2%. When asked about the extent of hike, Honda’s Senior Vice- President, Sales and Marketing said ” We are evaluating the increase that is required”.
It is not yet confirmed whether the price hike would also be applied to the newly launched Jazz, Mr. Sen said that the company is yet to decide on this. Maruti & Hyundai, when raised their car prices they left their newly launched products S-Cross & Creta without any hike.
|Honda’s bread & butter model City price will also be hiked|
Currently, Honda has six products in its Indian line-up: Brio, Amaze, Jazz, Mobilio, City and CR-V.
On August 11, Maruti Suzuki raised prices in the range of Rs 3,000 – 9,000 on all its products except the S-Cross. The hike came after two years mainly due to the rise in input costs & dealer margins. Hyundai too increased the prices upto Rs 30,000 on its producrs except Creta on August 1st to offset the rising input costs