Honda Motor Co will raise the price of its three most popular cars in India by as much as 2.6 per cent from October 1 due to rising input costs, high inflation and the impact of a recent hike in diesel prices, the Japanese carmaker's Indian unit said.
The prices of Honda's Brio, Jazz and City cars will be increased by 0.2 to 2.6 per cent, the company said in a statement on Monday, without providing further details.
India's monthly car sales fell in August for the first time in ten months, as a gloomy economic outlook and high interest rates dampened demand.
Copyright @ Thomson Reuters 2012
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