Honda to increase Honda CR-V's price

Honda Siel Motors one of the leading car manufacturers in India is going to increase price of Honda's one of the most popular models Honda CR-V. According to the reports the Company is planning to implement new prices from May 2009. According to company one of the major reason behind this price hike is Devaluation of rupee in last few month.

Published On Feb 28, 2009 16:59 IST

Published OnFeb 28, 2009 16:59 IST

Last Updated OnFeb 28, 2009 16:59 IST

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Honda Siel cars one of the leading car manufacturers in India is going to increase price of Honda's one of the most popular models Honda CR-V. According to the reports the Company is planning to implement new prices from May 2009. According to company one of the major reason behind this price hike is Devaluation of rupee in last few month.

According to Honda Siel Cars India (HSCI) President and CEO Masahiro Takedagawa, Devaluation of rupee is impacting our business, because a significant portion of our components are imported from Japan and Thailand. This impact is about 30-35 per cent in case of Honda CR-V. Among the popular Honda cars like Honda City, Honda Accord and Honda CR-V the Honda CR-V is the only model which is completely imported from outside the country and because of that it attracts a heavy duty.

Read More on : Honda CR-V expert review

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<p>A totally people's person Vikas Yogi ventured into journalism 5 years ago. He started his career as a journalist for an online media agency, where he worked on few of their best online projects. Later on, he was given command of their entire content development division, where he single handedly managed and developed content for various domains ranging from Telecommunications, Electronics, Home Appliances, Fashion, Lifestyle to his favorite 'Automobiles'.</p> <p>He has spent more than 3 years writing about the automobiles and being a car fanatic, he has got the right blend of enthusiasm and knowledge that is required to keep the readers' spirits up. Known for his wits and puns, Vikas is leading a team of journalists as an expert on automobiles but surely not limited to being one.</p>Read more