Honda car prices to go up by 2 per cent from 1 April

The Indian automakers are reportedly, gearing up for another round of price hike, most of which should take effect from April 1, 2013; this time to offset the cost of OBD (on-board diagnostics) compliance changes and increase in freight.

The first automaker to get aboard the price hike ship is Honda Cars India Ltd (HCIL) who have announced an increase in prices by up to 2 per cent across its entire model range. The revised prices will be effective from April 1, 2013. 

"We we are increasing car prices from April 1, 2013 by an amount of up to 2 per cent. The details are still being worked out," a company official said.

The price hike announcement from Honda comes at a time when the company is already witnessing a decline of sales in a tough market. HCIL had reported 26.49 per cent decrease in its domestic sales for February 2013 at 6,510 units as against 8,856 units in the same month last year.

The silver lining for HCIL though, is the hugely anticipated launch of its first diesel entry-level sedan, the Honda Amaze that is slated to arrive in the country next month.