Honda Hikes Amaze & CR-V Prices
Honda has implemented the second phase of its price hike by increasing prices of its new Amaze compact sedan going up by Rs. 3,000 to Rs. 8,000 depending on the variant in Delhi. The price hike has also hit the company’s only SUV in India, the CR-V, with prices going up by Rs 6,000 to Rs 14,000 depending on the variant in Delhi. Both hikes were in effect since 1st June 2013.
April 2013 saw the first phase of a price hike by the Japanese manufacturer across the City (Rs. 3,000), Brio (Rs. 2,000-10,000) and Accord (Rs. 5,000) to offset the increased cost of onboard diagnostic compliance changes (OBDC) and rising freight charges due to hike in diesel prices.
We’re not looking at another round of price increases just yet. Short-term volatility s covered by forward contracts, and only very few car makers have big ticket dollar imports. Like Honda only imports a few parts for the Accord from the US. Our larger imports are either from Japan or from Thailand and if the yen and the baht also depreciate vis-a-vis the dollar, the rupee movement will be neutralized.
– Jnaneswar Sen, Senior VP-Marketing and sales, Honda
Image credit: Honda