Honda Siel Cars issued a press statement last week that they would be increasing the prices of their cars from the first week of January.
“There has been pressure from increased input costs and the company has decided to hike prices across all the production models between 1.5 per cent and 2 per cent by next week,” a Honda official said.
The prices of the Honda City, Honda Civic and the Honda Accord would be raised but they made it clear that they would not be tinkering with the price tag on the Honda CR-V.
Honda are also set to introduce their new version of the Honda Accord this month, so it seems a bit odd that they would hike the price of the older model.
