Rajesh Gail, senior vice president and director of marketing and sales at Honda Cars opens up on Car Price Hike
According to Rajesh Gail, senior vice president and director of marketing and sales at Honda Cars India, the price hike is essential due to increased costs. Steel, aluminium, and precious metals prices have all climbed sharply, with many of them reaching all-time highs. According to reports, this has had a major impact on our input costs.
The goal is to keep costs as low as possible. As a result, we’re currently determining how much additional cost we can bear and how much we must pass on to our customers. Several automakers increased the prices of passenger vehicles and two-wheelers earlier this year, citing the same rationale. Honda raised prices in April, and this will be the second time they have done so.
According to rumours, the corporation plans to raise the pricing of all of its products sold in the country due to a significant increase in input costs. Increasing commodity prices, such as steel and precious metals, necessitates an increase in car prices. However, it is unclear how the increase in pricing will effect passenger vehicle demand. Since the lockdown limitations were lifted, demand has soared. For more updates and latest news on cricket,sports, technology, entertainment, stay tuned to the posts of The Midget Herald.