Honda Siel Cars to increase CR-V price by 30 pc
03 Mar 2009 1:01 PM  by Rameshwar in Indian Car Market ,

Carmaker Honda Siel Cars India said it will increase the prices of its sports utility vehicle CR-V by about 30 per cent in May2009 , besides gradually hiking the prices of other models.

honda crv

"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 CR-V , " Honda Siel Cars India (HSCI) President and CEO Masahiro Takedagawa said.

"We will increase the prices of CR-V in May and it will be about 30 per cent , otherwise we will make loss , " he added.

CR-V is imported to India as a completely built unit.Earlier the company has indefinitely put on hold opening of its second manufacturing facility in Rajasthan. It has also cut its production by 50 per cent from the beginning of this year.

Comments (0)
Post Comment:
Name
Email
 
Your Comments

Buy a New Car through Gaadi.com and get the Best Deal !!


Car *    
City * Pin *
Finance Needed? * Yes No
Name *
Mobile *
E-mail *
Do you need to Exchange/Sell your car?
Yes   No  
Yes, I agree to the Terms & Conditions of Gaadi.com




Dealer Showrooms

Archives

Latest Posts

New Comments

Blog Categories

Get Discount on Cars Book a Test Drive Get A Finance Quote Buy Used Car