Honda Atlas increases car prices by up to Rs550,000
Honda Atlas Cars Ltd (HACL) has increased the price of various models by Rs300,000-Rs550,000, citing uncertain economic conditions, inflation in material cost and volatility in foreign exchange rates.
According to a notice sent to its dealers, the company said: “keeping in view the uncertain economic conditions, inflation in material cost and volatility of forex, HACPL was compelled to pass part of this adverse impact through price increase”.
After a hike of Rs300,000, the new price of Honda City MT 1.2L and CVT 1.2L is Rs4.069 million and Rs4.199m as compared to Rs3.769m and Rs3.899m.
The prices of City CVT 1.5L, City Asp MT 1.5L and City Asp CVT 1.5L have been increased to Rs4.449, Rs4.629m and Rs4.799m from Rs4.139m, Rs4.299m and Rs4.479m, up by Rs310,000-330,000.
With a rise of Rs360,000-400,000, HACL has fixed the price of BR-V S, HR-V VTI and HRV VTI S at Rs5.299m, Rs6.399m and Rs6.599m as compared to Rs4.939m, Rs5.999m and Rs6.199m.