Already various carmakers including Maruti Suzuki, Hyundai and Tata Motors have announced price hikes from January.Honda Cars India on Friday said it will hike prices across its model range by up to 2% from January next year, in order to partially offset the impact of rising input costs. The company sells models like Amaze, City and Elevate in the domestic market.
The company has been making strong efforts to absorb price increases during this year, ensuring minimal impact on customers, he added.
"However, due to the continued rise in input costs and logistics, a small portion of this impact will be passed on to customers through a price revision from the new year," Behl said.
Additionally, the all-new third generation Amaze which was launched at a very competitive introductory price, will also see a price revision by mid of next month, he added.
Already various carmakers including Maruti Suzuki, Hyundai and Tata Motors have announced price hikes from January.
