Honda Cars become expensive: Honda Cars India, the Indian unit of Japanese car maker Honda, is going to increase the prices of its cars. A senior official of the company gave this information. He said that due to the increase in the prices of many metals including steel, he has to take this step. Many metals are used as raw materials in the production of cars.
Honda sells several models in the Indian market including City and Amaze. At present, the company is deciding how much burden it will pass on the increase in vehicle prices to its customers.
impact on cost of production Rajesh Goel, Senior Vice President and Director (Marketing and Sales), Honda Cars India said that the prices of steel, aluminum and precious metals have increased. Prices of some commodities are at all-time highs. This is affecting their cost of production. The company is currently working on the details of the price hike, he added. The price hike will be done from August. Goyal said that he aims to keep the cost of purchase low for the customers. Right now they are considering how much to bear the additional cost and how much to pass on to the customers. The revised prices will be applicable from next month.
Two wheeler sales may increase by 12-14% in FY22, ICRA expects support from rural economy
Let us tell you that Honda Two-Wheelers India sold 2,34,029 units in June 2021. In the last year (June, 2020), it sold 2,10,879 units. In this way, an increase of 11 percent was registered in it.