The most recent automaker to announce a price increase on its model lineup, effective January 2024, is Honda Cars India. The Japanese OEM plans to offset the impact of growing input costs by increasing the price of its models. The precise amount that will be raised for each model has not yet been disclosed by the manufacturer. For those who don't know, three models are offered by the firm in the Indian market: the Elevate, the City, and the Amaze. The market reaction to the company's latest offering, the Elevate SUV, which made its way to the domestic market at an introductory ex-showroom price of Rs 11 lakh, has been positive so far. The brand has also confirmed that this introductory price will remain valid until December 23. In January 2024, the manufacturer will revise these prices again.
Also Read: No Turbo, No Problem: Honda Elevate vs Hyundai Creta vs Kia Seltos vs Toyota Urban Cruiser Hyryder
Other Automakers to Follow the Trend
The decision to implement the price hike is not exclusive to Honda Cars India. Beginning in January 2024, several other significant auto majors, such as Maruti Suzuki, Mahindra & Mahindra, and Audi India, have also declared their intention to increase the prices of their passenger cars. Similar reasons, such as overall inflation and higher commodity prices, have been cited for these upcoming hikes. Commencing in January, price hikes for various models are being contemplated by other prominent car companies, including Mercedes-Benz India and Tata Motors.
Honda Cars India: November Sales Figures
Honda Cars India reported total monthly sales of 11,891 vehicles in November. In the domestic market, the manufacturer delivered 8,730 units, compared to 7,051 units delivered at the same time last year. This resulted in a 24 per cent year-on-year gain. The company shipped 3,161 units overseas in the last month, representing a 335 per cent growth over the 726 units exported in November of last year. In October this year, the company sold 13,083 units, a 9.1 per cent decline from the previous month. Due to high demand throughout the festive season and the positive reception of the Honda Elevate, the automaker announced an increase in sales for November. It also stated that it will maintain this favourable trend for the rest of the year, while also adjusting to the changing needs of the Indian automotive sector.
Also Read: Elevate, City and More Assist Honda Cars India Register 24% YoY Sales Growth in November
Honda Elevate: Powertrain Options and Feature Set
The Honda SUV is driven by the same 1.5-litre iVTEC petrol engine that propells the City sedan. When coupled with a 6-speed manual transmission or a 7-speed CVT, the motor cranks out 120bhp of maximum power and 145Nm of peak torque. The Elevate can be had in four different variants: SV, V, VX, and ZX. All four versions come standard with a six-speed manual transmission, while the seven-speed CVT is only available on the V, VX, and ZX variants.
The model has a 10.25-inch LCD touchscreen, a wireless phone charger, a 7.0-inch full-colour TFT instrument panel, and Honda Connect. Other features include a rich brown leatherette upholstery, soft-touch door and dashboard trims, and so on. The passenger safety is taken care of by equipment like an ADAS suite, emergency stop signal, multi-angle rear-view camera, rear parking sensors, and ISOFIX-compatible rear side seats with lower anchorages and top tether. These safety features vary depending on the variant the buyer opts for.
Honda Elevate: Price and Competition Check
Coming to the price range, the cost of the Elevate ranges between Rs 11 lakh and Rs 16 lakh (ex-showroom). The SUV has several market rivals in the form of the Hyundai Creta, the Tata Nexon facelift, the Maruti Suzuki Grand Vitara, and the Kia Seltos.
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