Honda Cars India intends to raise the prices of its cars starting in January due to rising production costs. Information from a top company executive has been provided. Let us inform you that the Elevate (Honda Elevate), City (Honda City), and Amaze (Honda Amaze) models are sold in India by this Japanese automaker. Elevate is the newest model among them.
Honda Cars India Vice President of Marketing
and Sales Kunal Bahl announced that the business will raise car prices starting next month to lessen the financial strain brought on by rising production costs. He declared, “By the end of this month, the increase in the models will be finalized.” That being said, the rates set at the time the Elevate model was introduced will stand.
Sales of Honda cars in India
Honda Cars India’s domestic wholesale sales rose to 8,730 units last month (November 2023) from 7,051 units in the same period the previous year, a 24 percent rise. According to Yuichi Murata, company director of marketing and sales, “Our new SUV Elevate has received a very good response in the market and customers are very fond of it.”
These businesses will likewise raise their pricing.
Before this, it was announced that Honda, Maruti Suzuki, Mahindra & Mahindra, and Audi India would also be raising the pricing of their passenger cars starting in January 2024. In addition, Mercedes-Benz India and Tata Motors are considering raising the model costs. It is interesting that automakers typically raise the cost of their models each year in January. This happened in January 2023 also.
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