Honda India to increase car prices from April 2

A couple of automakers including market leaders Maruti have already hiked the prices of their cars in the market. Now, Honda Siel Cars India Limited has announced that they would be increasing the prices across all models from April 2.

The company has to raise the prices of their models considering the sales tax holiday, it enjoys in Uttar Pradesh, is coming to an end.

HSCI Senior General Manager Jnaneswar Sen added in a statement on this development: “Since inception, we have been exempted from the four per cent Central Sales Tax in Uttar Pradesh related to the amount of investments we make in the state. This tax holiday is coming to an end.”

He added: “We have not decided whether we will pass on the increase fully to the customers or whether we’ll absorb a part of it.”

The company is already working on their plans to setup their second Greenfield manufacturing facility in Rajasthan.

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