New Delhi: Auto major Honda hiked the price of its cars across different models by upto Rs 5,000 on Tuesday.
Post the price hike, the company's popular mid-sized sedan City will be costlier by Rs 2,000 while the recently-launched luxury segment Civic will be dearer by Rs 3,000.
The company's premium D-segment car Accord will see the highest hike of Rs 5,000, a company official said.
The company had been given a 4 percent central sales tax exemption since its inception due to its huge investment in Greater Noida. On March 28, Honda had said it would increase prices across all models from April 2 since the sales tax holiday was drawing to a close.
"We have not decided whether we will pass on the increase fully to the customers or whether we'll absorb a part of it," HSCI Senior General Manager Jnaneswar Sen was quoted by PTI.
The company has absorbed most of the increase in the prices of vehicles, following the expiry of the tax holiday. The company, however, had not decided on the quantum of the increase and had said it would take a decision on whether the whole three per cent increase would be passed on to the consumers or not.
With inputs from PTI
Comments
0 comment