After Toyota Indus Motor Company (IMC), Honda Atlas Cars Limited (HACL) has also increased the prices of its cars. The company cited rising inflation and the depreciation of the local currency as the reasons for the increase.
Effective immediately, the new prices are as follows:
|Models||Old Price (Rs.)||New Price (Rs.)||Increase (Rs.)|
|City 1.2 M/T||3,769,000||4,069,000||300,000|
|City 1.2 CVT||3,899,000||4,199,000||300,000|
|City 1.5 CVT||4,139,000||4,449,000||310,000|
|City Aspire 1.5 M/T||4,299,000||4,629,000||330,000|
|City Aspire 1.5 CVT||4,479,000||4,799,000||320,000|
|Civic 1.5T M-CVT||6,349,000||6,849,000||500,000|
|Civic Oriel 1.5T M-CVT||6,599,000||7,099,000||500,000|
|Civic RS 1.5T LL-CVT||7,549,000||8,099,000||550,000|
|HR-V VTi 1.5||5,999,000||6,399,000||400,000|
|HR-V VTi S 1.5||6,199,000||6,599,000||400,000|
|BR-V S 1.5||4,939,000||5,299,000||360,000|
Earlier, Toyota IMC and Sazgar Engineering Works Limited (SEWL) hiked the prices of some of their cars, possibly triggering the current wave of price hikes.
Recently, automakers such as Kia, Hyundai, Changan and Peugeot have offered limited-time sales and price lock-in offers to their customers, also hinting at the possibility of price hikes.
With HACL’s recent announcement, it looks like a new wave of price hikes is in full force.