Honda Announces Price Reductions For Its 'City' Range - Yahoo! Lifestyle India
Honda announces price reductions for its 'City' range
Tuesday 14 June 2011 2:20 PM IST : Leading manufacturer of premium cars in India, today announced the new price structure for its volume model Honda City. The price reductions range from Rs 44,000 to Rs 66,000. The prices, which have been revised after enforcing considerable cost reduction efforts in the supply chain & manufacturing, will be effective from June 14, 2011. This price revision is in line with Honda’s global vision of creating products that maximize the joy of customers, with speed, affordability and low CO2.
Commenting on the new price structure, Jnaneswar Sen, Sr. Vice President – Sales & Marketing, Honda Siel Cars India, said, “Our R"D function in India (HRAP-I) started working on localization and cost down activities for our volume models from year 2009. In anticipation of bigger volumes resulting in economies of scale from the second half of current year, we have achieved considerable cost reduction and are happy to pass on the benefit to the customers with immediate effect. The Honda City would now start from Rs 7.49 lakhs (ex showroom Delhi).”
The variant-wise ex-showroom, Delhi price of City are Rs 7,49,000 for EMT version from the earlier price of Rs 8,15,000, the top end VAT exclusive which was Rs 10,33,100 is now Rs 9,89,100. Even the prices for its SMT, VMT, VMT Exclusive and VAT are reduced by Rs 44,000 to Rs 45,000 range.
Honda City’s price slashed by Rs. 66,000
Posted by <a href='http://indiaoncars.com/news/wp/author/anoop/'>Anoop</a>Posted on Tuesday, June 14th, 2011
<a href='http://indiaoncars.com/news/wp/wp-content/uploads/jun14-2011-honda-city-india-price-1.jpg'>[IMG]http://indiaoncars.com/news/wp/wp-content/uploads/jun14-2011-honda-city-india-price-1.jpg[/IMG]</a>
Honda Siel Cars India earlier today announced the new price structure for its volume model Honda City. The price reduction has been attributed to cost reduction efforts in the supply chain and manufacturing. The prices are effective from today.
The
Honda City which was the market leader in sales within the C-segment all of a sudden started to loose its market share courtesy the
Volkswagen Vento, Maruti SX4 Diesel and the
Hyundai Verna Fluidic. With Ford gearing up to launch the
2011 Fiesta, things were set to get worse. All this because Honda City lacks a diesel engine leaving Honda Siel Cars India with no other option than to revise the price of the City in India. The price cut ranges from
Rs. 44,000 all the way up to
Rs. 66,000.
Commenting on the new price structure,
Mr. Jnaneswar Sen, Sr. Vice President – Sales & Marketing, Honda Siel Cars India, said, “
Our R&D function in India (HRAP-I) started working on localization and cost down activities for our volume models from year 2009. In anticipation of bigger volumes resulting in economies of scale from the second half of current year, we have achieved considerable cost reduction and are happy to pass on the benefit to the customers with immediate effect. The Honda City would now start from Rs. 7.49 lakhs (ex showroom Delhi).”
2011 Revised Price structure for Honda City
<table width="593" border="1" cellpadding="0" cellspacing="0"><tbody><tr> <td colspan="2" width="164">Price Change : Summary</td> <td colspan="3" width="429"> W.E.F : 14 June 2011</td> </tr> <tr> <td colspan="2" rowspan="2" width="164">Type</td> <td colspan="3" width="429">Ex-Showroom (Delhi)</td> </tr> <tr> <td width="182">Current </td> <td width="133">New </td> <td width="113">Diff</td> </tr> <tr> <td rowspan="6" width="51">City</td> <td width="113">EMT</td> <td width="182">8,15,000</td> <td width="133">7,49,000</td> <td width="113">(-) 66,000</td> </tr> <tr> <td width="113">SMT</td> <td width="182">8,64,600</td> <td width="133">8,19,600</td> <td width="113">(-) 45,000</td> </tr> <tr> <td width="113">VMT</td> <td width="182">9,09,800</td> <td width="133">8,64,800</td> <td width="113">(-) 45,000</td> </tr> <tr> <td width="113">VMT Exclusive</td> <td width="182">9,60,900</td> <td width="133">9,16,900</td> <td width="113">(-) 44,000</td> </tr> <tr> <td width="113">VAT</td> <td width="182">9,82,000</td> <td width="133">9,37,000</td> <td width="113">(-) 45,000</td> </tr> <tr> <td width="113">VAT Exclusive</td> <td width="182">10,33,100</td> <td width="133">9,89,100</td> <td width="113">(-) 44,000</td></tr></tbody></table>
