The car industry is volatile in this season every year with price hikes to compensate for the increasing cost of manufacturing and in this same league, Honda just announced a price hike on its all models for the upcoming year. The car manufacturer has given a price hike of 1 to 2 percent on the car models across its entire line up and the revised rates will be applicable from January 2018 onwards.
The increased price is the result of enhanced cost on the input of material and manufacturing cost, as a statement given by the Honda. Due to the price hike, the Honda range has gone up by 25000 and currently, Honda offers a total of 8 automobile in its product portfolio. Right now the prices are stable and the models can be grabbed at a lower price:
In the price hike league, Honda now becomes the the third car manufacturer to take the road for price hike after the Isuzu and Skoda in which the Skoda raised the price for about 2 to 3 percent on all its available product line up while the Isuzu made a 3 to 4 percent hike in its automobiles applicable to all of its product line up. All these price hikes will be applicable from next month i.e. January 2018.
