Honda cars will be costlier up to Rs 79 thousand
The company has increased the prices with effect from March 1, Honda Cars India Ltd (HCIL) said in a statement. Honda has hiked the price of its entry-level car Brio in the range of Rs 4,000 to Rs 6,000, premium hatchback Jazz between Rs 5,000 and Rs 19,500 and mid-sized sedan City from Rs 24,600 to Rs 38,100.
It has also hiked prices of multi-utility vehicle Mobilio in the range of Rs 21,800 to Rs 37,700 and that of its premium SUV CR-V between Rs 66,500 and Rs 79,000, depending upon different variants.
The company sells six models in the country, from Brio to CR-V, priced between Rs 4.27 lakh and Rs 25.23 lakh (ex-showroom Delhi). Already various carmakers including Hyundai Motor India, Maruti Suzuki, Mercedes-Benz and Tata Motors have announced to hike their vehicle prices.
The government has proposed to impose 2.5 per cent cess on diesel vehicles of length not exceeding 4 meter and engine capacity not exceeding 1,500cc while higher engine capacity and SUVs as well as bigger sedans were slapped with a cess of 4 per cent on the value of the car.
These are over and above a cess of 1 per cent on petrol/ LPG/CNG driven vehicles of length not exceeding 4 meter and engine capacity not exceeding 1,200cc. Finance Minister Arun Jaitley also proposed to collect tax at source at the rate of 1 per cent on purchase of luxury cars exceeding value of Rs 10 lakh.
