Honda, Maruti Suzuki cars to be dearer after Dashain
KATHMANDU, Oct 3: Maruti Suzuki and Honda have raised the prices of cars in India, citing rising input costs and high inflation, but their authorized distributors in Nepal said they won´t increase prices of the cars ahead of the festive season.
According to Reuters, Maruti Suzuki -- India´s largest carmaker -- increased its vehicle prices by Indian Rupee (IRs) 2,400 to 5,200 across its entire range, referring to a strong yen and rising input costs, effective from Wednesday.
Similarly, Honda too had raised the prices of its Brio, Jazz and City cars by 0.2 to 2.6 percent on Monday, citing rise in input costs, high inflation and the impact of a recent hike in diesel prices that increased the freight costs.
"The decision of the manufacturers will definitely have its impact in Nepal," said Saurav Jyoti, chairman of Syakar Trading Company - the sole authorized distributor of Honda cars in Nepal. However, he said the price rise will be transferred only after Dashain. He even told Republica that the price of Honda cars will go up by a minimum of Rs 65,000 after the Dashain festival, as Syakar has maintained stocks just enough to meet demand till Dashain.
CG Automobiles - sole authorized distributor of Maruti Suzuki in Nepal - said the price of cars will not go up ahead of the festive season.
“Maruti Suzuki India (MSI) has yet to inform us by what extent the price will go up when we place new import order. Hence, we are not sure by how much rupees the cars will be expensive,” said Bishal Shrestha, manager-marketing, sales and strategy at CG Automobiles.
Shrestha said the price rise will not have any impact on Dashain sales as the company has already imported cars for the festive season.
“If Maruti Suzuki India increased the price of the vehicles exported to Nepal, the price could go up after the festive season,” he added.