
If you are an ardent lover of Honda Cars then it’s time for you to save your pockets. Honda is soon going to raise the prices of its entire range of cars in India by Rs 30,000 to 3,54,000.
Though it’s tough to accept the price hike at this stage as recessionary pressure is not completely relieved. But the manufacturers have no other options left with them. In the past 8 months Indian rupee has depreciated by over 16% and the Japanese Yen has strengthened by 10.5%. Currency fluctuations have driven Honda to increase car prices. And this is mainly because it has tremendously increased the cost of import. For some time the manufacturer did absorbed the impact but how long?
No car manufacturer can carry on absorbing the impact of high input cost as well as high import cost anymore. And so is Honda.
Honda CR-V is an imported car model whose price has been increased by Rs 3, 54,000. The prices of Honda City has been increased in the range of Rs 30, 000 to Rs 35, 000 and Civic has been raised by Rs 50, 000 to Rs 60, 000. Even the Honda Accord will now be costlier by Rs 1, 00, 000. The price of CR-V, Civic and City will be effective from April 1, 2009 whereas Honda Accord will bear the revised price tag from March 16, 2009.




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