Manufacturers of premium car in the country, Honda Motor India Ltd said it is mulling to increase the prices of its models, though not immediately and will continue to cut its output by over 45 per cent for the next six months in order to prevent inventory build up amid the ongoing slowdown in the domestic auto market.

''We have already adjusted our productions. Today our inventory level for India is quite appropriate -- two weeks for our own hand and two weeks on dealers' side,'' Honda Cars India President and CEO Masahiro Takedagawa said. The company has also cut its production to 200 cars a day in a single shift since the beginning of this year from the capacity of producing 380 units a day in two shifts, he said. Due to rising input costs and devaluation of rupee in the international market, the auto manufacturer is exploring the options to increase the prices of its products, though not immediately. When asked as to how long the company plans to continue the production cut, Mr Takedagawa said ''After the market recovers and once we decide to increase production, it takes about two months to go back to full production again. Probably for the next six months, single shift operations will continue.'' However, he did say that its planned launch of its small car Jazz in the Indian market is on schedule. The company is also planning to bring in a new version of Accord.

The company has also postponed by two years the completion of its second factory in Tapukara, Rajasthan.