Honda Siel Cars India will increase the prices of its cars owing to fluctuations in the exchange rate of the Indian Rupee and Japanese Yen against the US Dollar. Honda India will hike the prices of the three variants of the Honda City by Rs 30,000-35,000 from 1st April, 2009. It will increase the prices of the four variants of the Civic in the range of Rs. 50,100-63,000 and all variants of the CR-V by Rs. 3,54,000 from the same date.
The prices of the Accord will go up by Rs. 1,00,000-1,01,000 from 16th March, 2009. The increase will be in the range of 4-20 per cent, the company said.
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[...] hike will go in effect from 1st April 2009. Toyota quotes the reason for price hike similar to Honda, i.e depreciation of rupee and yen against the US currency and rising input costs. “So far, [...]
[...] the footsteps of price hikes by Honda and Toyota, Mitsubishi India, which assembles its cars in Chennai through a joint venture with [...]