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Honda hikes prices by Rs 5,000

April 04, 2007 13:02 IST
With the central sales tax holiday enjoyed by it in Uttar Pradesh coming to an end, Honda Siel Car India has hiked the price across different models by up to Rs 5,000.

Post the price hike, the company's popular mid-sized sedan Honda City will be costlier by Rs 2,000 while the other model Honda 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 percent central sales tax exemption since its inception linked to its investment at its plant Greater Noida.

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

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