Japanese two-wheeler maker Honda has announced that it will once again increase the price of its vehicles in the Indian market. Recently, the company has increased the price of its scooters and bikes. According to media reports, this time around Honda’s vehicles cost around Rs 2,000.
Referring to rising raw materials and fuel prices, Japanese manufacturers have decided to make a partial impact on consumers. The new prices will be implemented from July 3, 2021, which could be around Rs 2,000 (on-road price, Pune). Let us tell you that the business environment remains challenging due to rising input costs in the manufacture of vehicles and companies are increasing the price of vehicles in such a situation.
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Honda’s current range of vehicles ranges from the Octa automatic scooter to the sportbikes with heavy engine capabilities like the CBR series. Recently, the company launched the H’ness CB350 on the market, when the bike was introduced, it was priced at Rs 1.85 lakh. Recently, the company increased its price, after which its initial price rose to Rs 1.90 lakh.
Honda sales were down due to the lockdown. Last month, Honda’s domestic sales fell 28 percent year-on-year, with the company selling just 38,763 units. The company sold 54,000 units in the same month last year. There has been a huge drop in the company’s best-selling scooter Activa. Vehicle sales are showing improvement this June.
