Honda to increase prices, others to follow

Indian car manufacturers are increasing prices of their models considering the surge in demand. The auto makers are facing the heat due to rising commodity prices and the also due to higher foreign exchange.

Honda will announce a price hike of its popular model except for the new Accord. Honda Siel Cars India said that it would up its prices by 2-3 per cent from April 1.

Other car makers like Ford and Chevrolet also plan to increase prices of their cars.