Honda Cars India (HCI) has announced a price hike on its three popular models – City sedan, BR-V and CR-V. The decision comes a few days after the GST Council notified the increase in GST (Goods and Service Tax) cess on premium vehicles. The Council had raised the cess by 2 to 7% across different segments accounting the taxes to 50%. The new price list has been in effect from September 11, 2017.
Price of the Honda City petrol and diesel models have been increased in the range of Rs 7,003 to Rs 18,713 and Rs 14,951 to Rs 18,791 respectively. One must note that the aforementioned prices are ex-showroom, Delhi and vary variant-wise.
On the other hand, the Honda BR-V petrol version witnessed a price hike between Rs 12,490 to Rs 16,994 and the diesel variants get expensive by Rs 15,631 to Rs 18,242. Though, the prices of the BR-V petrol S (MT) and the diesel E (MT) variants remain unchanged. Out of three, the Honda CR-V has seen the highest price increase from Rs 75,304 to Rs 89,069. Prices of the other Honda models including WR-V, Brio, Jazz and Amaze remained affected.
Under the new GST norms, the mid-size vehicles and SUVs have been attracting an additional cess of 2% and 7% respectively. This has taken the effective GST rate to 45% on the mid-size cars and 50% on the SUVs. However, the GST cess on the hatchbacks, small engine capacity vehicles and hybrid cars remains unchanged. Read About – New-gen Honda CR-V SUV
Toyota India also increased prices across its product lineup earlier this month. Save of the Etios hatchback, all Toyota vehicles get expensive by Rs 13,000 to Rs 1.6 lakh. Other car manufacturers are likely to revise prices of their products in coming days.