Honda Cars increases prices upto INR 79,000

Honda Cars India Ltd. (HCIL) has announced increase in the prices of their cars.

The price increase comes in with effect from March 1, 2016 after the levy of ‘Infrastructure Cess’ announced in Union Budget 2016 – 17.

Price of Honda Brio has been increased by INR 4,000 – INR 6,000. Honda has hiked price of Jazz between INR 5,000 and INR 19,500.

Honda has recently launched the facelift of its popular compact sedan, Amaze. The next launch from the company will be in the form of Honda BR-V, which is a seven-seater SUV. The BR-V will be launched in May.

Honda is also working on a new compact SUV which it will introduce next year.

It was proposed in the union budget that Petrol/LPG/CNG driven motor vehicles of length not exceeding 4 metres and engine capacity not exceeding 1200cc will be taxed at 1%. Diesel driven motor vehicles of length not exceeding 4m and engine capacity not exceeding 1500cc will have an additional cess of 2.5 percent and infra cess for other higher engine capacity cars and bigger sedan, and SUVs will be 4 percent. What this exactly means is that any car costing above INR 10 lakhs will attract a tax of 5 percent.