Planning to buy a Honda car? Purchase right now as prices may increase in August

Honda sells various cars in India, including Honda City, Amaze and Jazz, among others. 

New Delhi: Honda has decided to increase the prices of cars in India due to the rising prices of raw materials and other input costs. The latest rates will be effective from August. Rajesh Goel, Senior Vice President and Director (Marketing and Sales), Honda Cars India said, "The prices for raw materials like steel, aluminium and precious metals have increased sharply and many of them are at an all-time high, impacting our input costs significantly." He also pointed out that Honda is currently working out the details of the price hike which would be implemented from August. "Our endeavour is to keep the cost of acquisition lower, so we are currently deliberating on how much of the additional cost we can absorb and how much will be inevitable to be passed on to our customers. The revised prices will be implemented from next month," Goel told PTI.  At present, Honda sells various cars in India, including Honda City, Amaze and Jazz, among others. However, the company hasn’t revealed which car models are all set to get expensive starting next month. Honda had earlier increased prices in April this year.