Honda hikes car prices by up to Rs 5,000

NEW DELHI: With the central sales-tax holiday enjoyed by Honda Siel Car India in Uttar Pradesh coming to an end, it has hiked the price across different models by up to Rs 5,000.

Post the price hike, the company's popular mid-sized sedan "City" will be costlier by Rs 2,000 while the other model "Civic" will be dearer by Rs 3,000.

The company's premium luxury car "Accord" will see the highest hike of Rs 5,000, a company official said.

The company had been given a 4 per cent central sales tax exemption since its inception at its plant in Greater Noida.

The company has absorbed most of the increase in the prices of vehicles, following the expiry of the tax holiday.

Read more at Economic Times