HSIC to increase Honda CR-V prices by 30%
The Honda Siel Cars India, Limited (HSCI) disclosed that the Honda CR-V prices could be raised by 30 percent in India. The devaluation of rupee on the company's business has forced to the rise. Masahiro Takedagawa President and VEO of Honda Siel Cars India reported to inform that the devaluation of rupee was impacting their business, because a significant portion of the components were imported from Japan and Thailand.
Vikas
Published On Apr 30, 2009 14:23 IST
Published OnApr 30, 2009 14:23 IST
Last Updated OnApr 30, 2009 14:23 IST
1.1K Views
- Write a comment
Compact crossover SUV, Honda CR-V is one of the finest cars in India, having not many rivals in its category. The company produces Honda CR-V in all-wheel drive as well as front-wheel drive. On the other hand, Honda has put on hold the work on its second plant in the country. Honda has indefinitely stopped work on its Rs1, 000 crore second plant in India because of slump in the auto market in India. As a result around 1,000 temporary workers will have to quit the company.
Read More on : Honda CR-V
Was this article helpful ?
<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
