Mahindra follows Hyundai and Honda, hikes prices

New Delhi: Following introduction of new levies in the Union Budget, car makers like Mahindra & Mahindra and Honda have raised the prices of their cars by up to Rs. 82,906.

The price hike in Hyundai motors effective from March 1 would cost the consumers a hike between Rs. 2,889 and Rs. 82,906 depending on the model.

Likewise, Honda Cars India hiked the price of its entry-level car Brio in the range of Rs.4,000 to Rs.6,000, premium hatchback Jazz between Rs.5,000 and Rs.19,500 and mid-sized sedan City from Rs.24,600 to Rs.38,100.

The change in price is a result of the government’s decision to impose 2.5 percent cess on diesel vehicles.

Finance Minister Arun Jaitley had while presenting the Union Budget in Parliament proposed to collect tax at the rate of one percent on purchase of luxury cars exceeding value of Rs. 10 lakh. (ANI)