Honda to hike prices
Honda Siel Cars India today said it will increase the prices of its two sedans City and Civic between Rs 5,000 and Rs 10,000 in May due to the rising input cost. A company official said the rising steel prices and other input costs have put immense pressure, which the company has been trying to absorb. “But it has reached a stage where we have to pass on a part of it to the customers,” the official said. The quantum of increase could be between Rs 5,000 and Rs 10,000 across different variants of the two models, the official said, adding the exact amount was being worked out.