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Honda Motors has announced it will raise new car prices beginning from August

Patna, [wpdts-date-time], Honda, the world’s largest automaker, has decided to raise the prices of its vehicles in India. The higher tariffs will go into effect in August. The corporation has blamed pricing increases on other metals, particularly steel, being more expensive.

The decision was made due to a rise in raw material prices

According to Rajesh Goel, Senior Vice President and Director (Marketing and Sales), Honda Cars India, the decision to raise automobile costs was made due to increases in the prices of other metals such as steel and aluminum.

He claimed that high-priced metals had a negative impact on our standard of living. In the Indian market, the business sells a variety of models, including the Honda City and Amaze. The corporation has not yet chosen which vehicle will see an increase in pricing.

The amount by which car prices will rise has yet to be determined

Rajesh Goel stated that the company is now working on the specifics of the price increase, which will take effect in August. He stated that our goal is to make the cost of purchasing as low as possible for our customers. We are currently determining how much of the additional expense to bear and how much to pass on to customers.

Previously, Maruti India raised the prices of their vehicles. In 2021, while raising the price for the third time, the prices of various models of cars increased by around 34 thousand rupees.

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