Honda to hike car prices by up to 3% from January

Honda Cars India Ltd (HCIL) today said it will hike prices of its vehicles across models by up to 3 per cent from next month.

"Due to the increasing pressure on input costs and fluctuating exchange rates, we are forced to consider increasing the car prices across our line-up," HCIL President and CEO Yoichiro Ueno said in a statement.

The increased price will be effective from first week of January 2017, the statement added.

The company's product range includes Honda Brio, Honda Jazz, Honda Amaze, Honda Mobilio, Honda City, Honda BR-V, Honda CR-V and the recently launched all-new Honda Accord Hybrid. These are priced between Rs 4.69 lakh and Rs 37 lakh (ex-showroom Delhi).

Other car makers including Hyundai Motor India, Nissan, Toyota, Renault, Mercedes-Benz India and Tata Motors have also announced they would increase prices of their vehicles from January.