Honda announced on Friday that it plans to raise prices across its entire model lineup by up to 30,000 yen beginning in January to mitigate the impact of growing input costs and prepare goods for forthcoming higher emission standards.
Honda, which has a wholly-owned subsidiary in the country, joins market leader Maruti Suzuki, Hyundai, Tata Motors, Mercedes-Benz, Audi, Renault, Kia India, and MG Motor in making year-end announcements to raise prices beginning next month.
“After assessing the consistent increase in the input cost of raw materials and upcoming regulatory requirements, we will have to undergo a price revision for our products from January 23. The increment will be in the range of up to ₹30,000 and vary from model to model,” Honda Cars India Vice President (Sales and Marketing) Kunal Behl told PTI.
Vehicles will be required to carry an onboard self-diagnostic equipment to monitor real-time driving pollution levels under the second phase of BS-VI emission rules, which will go into effect in April 2023. To keep an eye on pollutants, the device will constantly check crucial parts for satisfying emission requirements, such as catalytic converters and oxygen sensors.
Furthermore, to manage the quantity of fuel burned, the vehicles will have programmable fuel injectors that control the timing and amount of fuel pumped into the petrol engine. Even the semiconductors utilised by the car will need to be modified in order to monitor the throttle, crankshaft positions, air intake pressure, engine temperature, and the composition of the exhaust emissions (particulate matter, nitrogen oxide, CO2, Sulphur, and so on).
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