Honda increases prices of its vehicles

In a bid to protect the company from financial crises, Honda has made a aggressive approach by increasing the prices of its models. Natural Oil prices had down to a significant value but the import taxes are still on a high. Along with it economy of the nation is also on a slow-down. And just because of these reasons company Honda has decided to increase its vehicle prices to a significant value. The only vehicle which will stay away from its impact would be the New Honda City. According to the President and CEO, Honda Siel Cars India Ltd., Mr Masahiro Takadegawa the company is intending to increase the prices of the other models by nearly 5 to 7 percent. When asked he also informed that Honda group of cars are unique in their features like air filters which are meant to control and prevent the dust. The controling system of the music system are rear in its features, found through-out the world.
Honda group finds that the present situations are somewhat very different from which existed a decade before. So, making some big investments would not going to be any big deal for them.