Honda Cars India has announced that it will be implementing a price hike across its model range, effective from April 2024. This decision comes as the second price adjustment this year, with the first occurring in January. Popular models that provide to a wide range of consumer preferences and needs include the Elevate, City eHEV, and Amaze fifth-generation City all part of the company's expanding array.
Price Hike Details
The prices of the Elevate and Amaze are starting from Rs. 11.58 lakh and Rs. 7.16 lakh, respectively, while the City and City eHEV are priced from Rs. 11.71 lakh and Rs. 18.89 lakh onwards, respectively. There are many reasons for the upcoming price increase including rising input costs and general economic conditions that affect the car sector.
Discount Offers
In March 2024, Honda is offering significant discounts on select models to attract buyers and maintain sales momentum amidst the upcoming price hike. Customers can avail of discounts of up to Rs. 50,000 on the Elevate, up to Rs. 1.19 lakh on the City, and up to Rs. 90,000 on the Amaze.
Honda's move to raise pricing is in line with the industry's ongoing challenges which include growing input costs. Customers may still take advantage of discounts on some models despite the price increase so now is an excellent time to think about buying a Honda vehicle. The pricing strategy of the organization is designed to offer clients value while minimizing the impact of cost pressures. This move is another example of Honda's commitment to maintaining its leadership in the industry and ensuring customer satisfaction.