Automotive
Another hike in prices announced by Honda for locally assembled cars
For the second time in 2022, Honda Atlas Cars (HACL) has raised the prices of its locally assembled cars. As the reason for the hike, the company cited rising raw material costs and the depreciation of the local currency.
Like other automakers, HACL will implement the new prices in the following sequence:
- Those who booked cars before November 11, 2021, will pay the current price.
- Those who have made full payment by March 24, 2022, will also pay the current price.
- Those expecting deliveries in April 2022, will also pay the current price.
- Those expecting to make full payment by April 30, 2022, will also pay a 50 percent price hike.
- While the people who book new Honda cars after the price hike will pay 100 percent of the increase in price.
Effective from March 26, 2022, the new prices are as follows:
| Models | Current Prices (Rs.) | Revised Price for Old Bookings (Rs.) | Revised Price for New Bookings (Rs.) | Price Increase (Rs.) |
| City 1.2L MT | 2,729,000 | 2,929,000 | 3,129,000 | 400,000 |
| City 1.2L CVT | 2,949,000 | 3,099,000 | 3,249,000 | 300,000 |
| City 1.5L CVT | 3,146,000 | 3,296,000 | 3,446,000 | 300,000 |
| 1.5 L Aspire MT | 3,279,000 | 3,429,000 | 3,579,000 | 300,000 |
| 1.5 L Aspire CVT | 3,454,000 | 3,601,500 | 3,749,000 | 295,000 |
| Civic 1.5T M-CVT | 5,099,000 | 5,249,000 | 5,399,000 | 300,000 |
| Civic Oriel 1.5T M-CVT | 5,399,000 | 5,524,000 | 5,649,000 | 250,000 |
| Civic 1.5T RS LL-CVT | 6,149,000 | 6,324,000 | 6,499,000 | 350,000 |
| BR-V 1.5 iVTEC S | 3,689,000 | 3,884,000 | 4,079,000 | 390,000 |
Continue Reading