TOKYO, June 23 (Xinhua) — Japanese auto producer Honda Motor on Friday mentioned it plans to additional increase costs for its primary fashions amid surging materials prices.
Starting July 27, costs of its six primary fashions within the Japanese market will rise by 2 % to 4 %, mentioned the corporate.
Earlier in April, the corporate introduced worth hikes for 3 fashions, together with a minivan, citing rises in metal and logistics bills.
Japanese carmakers traditionally have coped with larger prices by pushing up costs for brand spanking new fashions, the nationwide broadcaster NHK reported, including that they’re boosting costs for automobiles already out there extra lately.
Amid skyrocketing costs, a rising variety of Japanese corporations are feeling assured sufficient to cross on larger operating prices to prospects, in accordance with native media.