- Higher raw material costs and more stringent safety norms are the reasons for this price hike.
- Honda is the second carmaker to announce this price hike after Mahindra.
- New safety norms mandate driver airbags, rear parking sensors, high speed alert and seatbelt reminders for all cars.
- Price hike is expected to range between Rs 10,000-20,000 depending on the model.
- Further details to be revealed before July.