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Honda Siel Cars India to increase the price of Accord, City, Civic and CR-V

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Honda Siel Cars India, leading manufacturer of premium cars in India, today announced an increase in the price of all its production models by Rs 30,000 to 101,000 . The price of Honda CR-V which is a fully imported unit will be increased by Rs 3,54,000 . The revised prices for City, Civic and CR-V will be effective from April 1, 2009 and for Accord from March 16, 2009.

The increase, necessitated by considerable depreciation of Indian Rupee and strong Japanese Yen against Dollar, is in the range of 4% to 20% on the current price.

Commenting on the price increase, Mr Jnaneswar Sen, Vice President, Marketing, said, “The rupee has depreciated by over 16% vs USD in the past 8 months. On the other hand, the Japanese Yen has strengthened by 10.5% during this period. These currency fluctuations have resulted in tremendous increase in cost of imports impacting the bottom lines, but so far, we have refrained from passing them on to the customer. But it is not possible to absorb the impact any more.”

The new prices, ex-showroom Delhi are as follows:

Production Model

Price Change Summary Ex-showroom Delhi Price (in Rs.)
Model Current New Difference W.E.F
CITY 1.5 E MT 751,000 781,000 30,000 1st April 09
1.5 S MT 799,900 832,000 32,100
1.5 S AT 869,000 904,000 35,000
CIVIC 1.8 E MT 999,900 1,050,000 50,100 1st April 09
1.8 SPORT 1,206,862 1,264,862 58,000
1.8 V MT 1,187,000 1,246,000 59,000
1.8 V AT 1,255,000 1,318,000 63,000
ACCORD 2.4 MT 1,672,000 1,772,000 100,000 16th Mar 09
2.4 AT 1,746,000 1,847,000 101,000

CBU Import Model

Ex-showroom Delhi Price (in Rs.)
Model Current New Difference W.E.F
CR-V 2.0 MT 1,770,000 2,124,000 354,000 1st April 09
2.4 MT 1,920,000 2,274,000 354,000
2.4 AT 1,990,000 2,344,000 354,000

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source : honda cars

Comments

  • Honda Siel Cars India to increase the price of Accord, City, Civic and CR-V from April 1, 2009…

    Honda Siel Cars India to increase the price of Accord, City, Civic and CR-V from April 1, 2009…

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