Know why you should buy a Honda car by the end of this month

If you are planning to buy a Honda car in future, then you should consider buying it by the end of December. We are saying this because Honda is planning to increase the prices of its passenger models in India from next year. So if you do not want to buy a Honda car by paying a lot, then buy it by December 2023.

Why should you buy a Honda car by December 2023?

Honda has announced that it will increase the prices of the company’s entire range of passenger vehicles in the country from January 2024. The price increase has been attributed to increased output costs. The revised increased price will be applicable from January next year. Honda will be the latest automobile manufacturer to hike prices of its passenger models, following several other big brands in India.

Honda currently offers three passenger models – City, Amaze and Elevate. Kunal Bahl, vice president (marketing and sales), Honda Cars India, said the company will increase prices from next month due to pressure on input costs. He said that the amount of model-wise increase will be finalized by the end of this month. He further said that the new model Elevate is getting good response in the market. The starting prices will remain the same till December 23 and the price will be changed from January 2024.

So, Honda car lovers who are planning to buy a passenger car should hurry up and buy it now to avoid overpaying. Due to increase in production and operating costs due to overall inflation and increased commodity rates, Maruti Suzuki, Mahindra & Mahindra and Audi India have also announced price hikes for passenger vehicles from January. Tata Motors has also announced to increase the prices of its passenger vehicles in the country from next year.
Apart from this, Mercedes-Benz India is also planning to increase the prices of its models from January 2024.