business
Tuesday Jan 24 2023
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Latest price of Honda cars after rate hike

Newly manufactured cars of the automobile maker Honda await export in a port in Yokohama, Japan May 30, 2017. — Reuters
Newly manufactured cars of the automobile maker Honda await export in a port in Yokohama, Japan May 30, 2017. — Reuters

Owing to the “uncertain economic conditions”, Honda Atlas Cars Monday decided to pass on the burden to its customers by raising the price of its CKD models.

The carmaker cited inflation in material cost and volatility of forex as two major reasons behind its decision to increase the prices by up to Rs550,000, a notification issued in this regard said, with the new rates coming into effect from January 23, 2023.

The news retail sale price (RSP) would be applicable on all new orders booked from January 23, and onwards.

Here is a price breakdown of the models:

Variants

Old Prices

News Prices

Difference

City MT 1.2LRs3,769,000Rs4,069,000
Rs300-000
City CVT 1.2L 
Rs3,899,000
Rs4,199,000
Rs300,000
City CVT 1.5L 
Rs4,139,000
Rs1,449,000
Rs310,000
City Asp MT 1.5LRs4,299,000Rs4,629,000
Rs330,000
City Asp CVT 1.5LRs4,479,000Rs4,799,000
Rs320,000
BR-V CVT SRs4,939,000
Rs5,299,000
Rs360,000
HR-V VTIRs5,999,000Rs6,399,000
Rs400,000
HR-V-VTI SRs6,199,000Rs6,599,000
Rs400,000
Civic 1.5L M CVTRs6,349,000
Rs6,849,000
Rs500,000
Civic 1.5L Oriel M CVT
Rs6,599,000
Rs7,099,000
Rs500,000
Civic RS 1.5LL CVT
Rs7,549,000
Rs8,099,000
Rs550,000

It should be noted that all orders created till January 21 with complete payments (instrument date till January 21 will be invoiced on the previous retail sale price.

Meanwhile, unclear total back order as on January 21 for which the full/balance payment instrument is dated after January 21 will be invoiced on the price prevailing at the time of delivery.

The company also mentioned that these prices — ex-factory rates inclusive of sales tax, federal excise duty and CVT — above mentioned are provisional and the price applicable at the time of delivery will be final.

The customers would also bear any government tax applicable at the time of delivery and the committed delivery time may delay due to the current uncertain import situation.