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Honda Philippines raises prices for most cars due to tax reform law

Honda Philippines raises prices for most cars due to tax reform law

MANILA:  The Philippine unit of Japan’s second top automaker Honda Motor Company raised prices for most models following the implementation of new excise tax rates.

Honda Cars Philippines Incorporated on Wednesday, January 3, posted on its official website an updated price list, reflecting increases for all models below premium levels. For instance, a Honda City 1.5 E MT vehicle can now be bought at P820,000, which is P56,000 higher than its price last September. Customers who bought a Honda HR-V 1.8 EL CVT in 2017 will also be glad to know that they were able to save P121,000. From last year’s suggested retail price (SRP) of P1.359 million, the unit is now worth P1.480 million.