Honda Cars India announces increase in car prices To be effective from 1 February 2019

January 17, 2019 New Delhi

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New Delhi, 17 January 2019: Honda Cars India Ltd. (HCIL) today announced a price increase on its models, which will be effective from 1st February 2019. The price increase on the CR-V will be Rs 10,000 and on other models upto Rs 7,000.

Mr. Rajesh Goel, Sr. Vice President and Director, Sales and Marketing, Honda Cars India Ltd. said, “There has been a huge pressure on costs owing to commodity prices & foreign exchange rates and we had been trying to hold this increase for as long as possible. However, we are now compelled to pass on a part of the increased costs to customers effective Feb 1.”