The year 2020 is coming to an end, with some auto companies offering discounts on their vehicles, while some companies will also raise the price of vehicles. After Maruti Suzuki and Tata Motors, Japanese automaker Honda has decided to increase the price of its vehicles.

Distributors have been notified of this decision by the company. The new prices will go into effect next month. Currently, the company’s cheapest car is the Honda Amaze, priced at Rs 6.17 lakh and the top model CR-V at Rs 28.71 lakh. (Ex-showroom, Delhi).

Honda recently unveiled the fifth-generation model of its famous car in the city. It costs Rs 10.89 lakh. Though the new model is launched in the market, the company is also selling the fourth generation model with an initial price of Rs 9.29 lakh. At the same time, the company’s WR-V compact SUV segment is priced at Rs 8.49 lakh.

According to the data, the cost of vehicles is increasing due to input cost increases. Currently, no information is available on how much the model will be raised. It depends on different models and variants. Recently, many automakers have announced that they will increase the price of their vehicles. Renault will raise the price of its vehicles by about Rs 28,000.