\nThe company has raised the prices of its entry level car Brio in the range of Rs 15,000 to Rs 18,000 and it will now cost between Rs 4.21 lakh and Rs 6.30 lakh.
\nPrices of compact sedan Amaze have been hiked in the range of 19,000 to Rs 26,000 and it will now be available for Rs 5.18 lakh to Rs 7.78 lakh.
\nThe prices of petrol version of the compact sedan have been increased in the range of Rs 19,000\u2014Rs 23,000 while diesel powered models would get expensive by Rs 23,000\u2014 Rs 26,000, the company said.
\nHonda\u2019s flagship mid\u2014sized sedan City will be dearer by up to Rs 48,000. The prices of petrol variants of the car have gone up by Rs 33,000 to Rs 46,000, while the diesel variants have become expensive in the range of Rs 37,000 to Rs 48,000.
\nThe model is now priced between Rs 7.53 lakh and Rs 11.53 lakh.
\nThe company has also hiked the price of its premium sports utility vehicle CR\u2014V by 60,000 and will now be available between Rs 20.85 lakh and Rs 24.96 lakh.
\nAn official of Honda Cars India said the company is still working on the quantum of price hike for its multi purpose vehicle Mobilio.
\nThe move follows the government not extending excise duty concessions given to the auto industry and consumer durables sectors after the expiry on December 31, 2014.
\nThe government had extended the excise duty concessions by 6 months in June continuing the previous UPA government\u2019s decision to cut excise duty on cars, SUVs, two\u2014wheelers and consumer durables in the interim Budget in February, 2014.
\nThe excise duty on small cars, scooters, motorcycles and commercial vehicles was reduced to 8 per cent from 12 per cent previously. For SUVs, it was cut to 24 per cent from 30 per cent; for mid\u2014sized cars, to 20 per cent from 24 per cent and to 24 per cent for large cars, from 27 per cent.
\nIn December, Maruti Suzuki India said it would hike prices of its models in the range of 2\u20144 per cent from this month, while Tata Motors and Mahindra and Mahindra had also announced plans to increase prices in the range of 1\u20142 per cent citing higher input costs.
\nGerman luxury car maker BMW also said it would raise product prices in India by up to 5 per cent with effect from the first week of January.
\nGeneral Motors India had also announced a price hike by up to Rs 20,000 from January in order to partially offset rising input costs.<\/p>\n","protected":false},"excerpt":{"rendered":"