Honda Cars will hike the price of all their cars due to the increasing cost of raw materials to comply with the new safety regulations imposed in the country.
Honda Cars India Ltd (HCIL) will hike the prices of all their cars ranging from Honda Amaze to their flagship sedan, Accord. This is the second time Honda Cars will see an increase in pricing, first was observed in February this year when the Japanese carmaker increased the prices by Rs 10,000.
Mr Rajesh Goel, HCIL Senior Vice President and Director Sales and Marketing, said, the price hike of all the Honda cars will start from July’19. The price increase is due to accumulated raw material cost for the upcoming safety regulations. He further added that the same cost has been absorbed by the manufacturer but now it will pass on the increase in cost to the customers.
Honda currently sells a total of eight cars ranging from Amaze, City, WR-V, BR-V, Jazz, Civic, CR-V and then the Accord, all will see a price hike of up to 1.2% come this July. Dual-front airbags, ABS with EBD, rear parking sensors, high-speed alert system and seat-belt reminders are some of the standard safety norms Honda cars see.
Honda Brio has been discontinued from the manufacturer’s line-up due to the low demand and high cost of upgrading to the upcoming safety norms.
Other than Honda, the country largest car manufacturer Maruti Suzuki also cited in the price increase of all its cars by Rs 10,000. Toyota Kirloskar Motor and Isuzu Motors also followed the same trend from January 2019.
Coming to the new BS-VI emission norms where most manufacturers like Maruti, Tata, and Mahindra to ditch the diesel engine because of the higher cost in upgrading to BS-VI norms. Honda clearly gave a thumbs up that they will not diss the diesel engine and they will continue producing the 1.5-litre and 1.6-litre diesel engines. Tata Motors will only discontinue the smaller diesel engines, the 1.05-litre Revotorq and 1.3-litre Quadrajet available in Tiago, Tigor, Bolt and Zest. Likewise, Mahindra will also discontinue the smaller 1.2-litre diesel engine available in KUV100.
Also, come to 2020 Auto Expo, new Honda City is likely to be showcased and the car is also expected to come with a diesel CVT. The car will continue to get the same 1.5-litre petrol and turbocharged diesel engine, of course, tuned to BS-VI regulatory norms.
Source – PTI