New price hike of Honda Cars in India will be effective from 1st April 2015. This time as well the company says the reason behind hike is rising input costs. Prices will be increased across range by a few thousand rupees though exact price increase was not declared.
This second price increase this year due to higher input costs has been divulged by Jnaneswar Sen, Senior Vice President, Marketing & Sales at Honda Cars India Ltd. Earlier this year the company faced pressure due to Government making adjustments in duty structure. In the Union Budget, excise duty was increased to 12.5% from 12% which caused an increase in prices.
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