Honda Slashes Prices on its Models - Honda City Much Cheaper!

author image Satish
Friday 12 December 2008, 00:00 AM

Honda Siel Cars India Limited slashed prices of its models by up to Rs. 31000 in response to the government’s move to cut CENVAT by four percent. Mr. M. Takedagawa, President & CEO, Honda Siel Cars India, commented, “We welcome this move by the government. The reduction in duty will give the necessary boost to consumer demand. We feel it will also arrest the negative growth in the automobile sector.”

The company has not reduced prices of its SUV, Honda CR-V but the City is cheaper by Rs. 19000 to Rs. 21000. The new cost for Civic is lesser by Rs. 29,000 – Rs. 31,000 and the top end sedan, Accord, is cheaper between Rs. 27,000 and Rs. 28,000.

HSCI also stated that the proposed increase in prices of its models has been postponed for the time being. However, it is planning to increase the prices of its SUV, Honda CR-V between Rs. 100,000 and Rs. 125,000 in the early next year. Honda Siel Cars India is a leading manufacturer of premium cars in India.

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