Honda Cars India Ltd (HCIL) will increase prices of its vehicles across models by up to 2 per cent from April to offset cost of on-board diagnostics (OBC) compliance and freight increase.
"We we are increasing car prices from April 1, 2013 by an amount of up to 2 per cent. The details are still being worked out," a company official said on Wednesday.
The increase in prices will be primarily on account of OBD compliance effective from April 1, 2013 and freight increase, the official added.
At present, the company's various models are priced between Rs 4.1 lakh and Rs 27.38 lakh (ex-showroom Delhi).
The price hike comes at a time when the company is witnessing a decline in sales in a tough market. HCIL had reported 26.49 per cent decrease in its domestic sales for February 2013 at 6,510 units compared with 8,856 units in the same month last year.
HCIL is slated to introduce its much-awaited entry-level sedan Amaze in April, which will be the company's first diesel offering in India.