Honda Siel Cars India on Friday said it will hike the prices of its production models in India by next week, while a new version of its top-end model Accord is expected by the second week of January.
Japanese car major Honda will be showcasing a series of new technology cars, including fuel-cell car 'Honda FCX' and hybrid car 'Honda Insight,' at the Auto Expo that kicks off in a few days in New Delhi.
In addition to the New Small Concept, the company will exhibit the CR-Z Concept 2009, a concept model for a new hybrid model, which was unveiled for the first time at the Tokyo Motor Show in October this year.
Japanese automaker Honda Motors is rolling out its small car in India by the last quarter of calendar 2009.
Honda Siel Cars, India on Tuesday said it would be investing Rs 700 crore (Rs 7 billion) in the Indian market over the next five years.
Honda Siel Cars India on Monday said its primary focus will be the domestic market, but it does plan to export cars to Nepal, Bangladesh, Bhutan and Sri Lanka, a top official said.
The company is engaged in developing diesel engines back in Japan.
The new variant -- Exclusive -- of the Honda City will have many additional features vis-a-vis the regular one, such as leather seats and leather steering.
Honda has finally made its entrance into the country's competitive compact car segment, with the launch of the Honda Jazz. In Mumbai, Jazz standard will cost Rs 7.43 lakh (Rs 743,000), Jazz Mode Rs 773,000 (Rs 773,000) and Jazz Active Rs 778,000 (Rs 778,000).
Honda Siel Cars India on Thursday said it was looking at scaling up its production in India up to 1,00,000 units in the next five years, while launching its new mid-sized sedan, Honda City ZX.
The launch of two much-awaited compact cars of Honda and Toyota, scheduled to hit showrooms in a few months, may get reviewed as the two companies struggle with component supplies.
The 2-3 per cent reduction on the ex-showroom prices would be effective from Sunday, a company release said.
With the central sales tax holiday enjoyed by it in Uttar Pradesh coming to an end, Honda Siel Car India has hiked the price across different models by up to Rs 5,000.
The other features of the CR-V such as 2.4 litre i-VTEC engine, Real-Time 4 wheel-drive, 6-speed manual and 5-speed automatic transmission with Grade Logic Control and drive-by-wire Throttle System remain the same as before.
The latest variant, called the V-grade Honda City, comes with new features such as five spoke alloy wheels, new front fog lamps, chrome door handles, sporty exhaust finisher and front and rear mud guards. It will be available both in manual and automatic transmissions.
The company, which is now moving from being a premium brand to a mass market player through two launches in the small car segment in the next four years, hopes to cash in on Brand Honda's strong presence in the rural and semi-urban markets in India. Experts call it a gradual scaling up of the brand in the minds of the Indian consumers -- a strategy followed by the Japanese major in all parts of the globe.
Passenger vehicle major Honda Siel India will launch the new version of premium sedan Accord by the next year.
Japan's Honda Motor Co will introduce a premium hatchback in the Indian market in the next 2-3 years as it eyes sales of 1.5 lakh units by 2010, a senior company official said on Tuesday.
Carmaker Honda Siel Cars India on Thursday launched an advanced version of its premium sedan Accord with a 3.5 litre i-VTEC engine, priced between Rs 24.8 lakh (Rs 2.48 million) and Rs 25.35 lakh (Rs 2.535 million), ex-showroom, Delhi.
Honda Siel Cars India will increase the prices of its cars by up to Rs 354,000, owing to fluctuations in the exchange rate of the Indian rupee and Japanese yen against the US dollar.
The Jazz, coming at a price range of Rs 6,98,000 to Rs 7,33,000 (ex-showroom Delhi), had witnessed stock pile up last month with retail sales not picking up.
Honda cars are likely to be dearer by two per cent or between Rs 14,000 and Rs 30,000 from next month.
A bench headed by Justice Arijit Pasayat while seeking reply from the companies also tagged the petitions with other similar petitions pending before it. It may be noted that more than 100 petitions have been filed from all over the country on the issue. The Uttar Pradesh government had challenged the high court judgement that held that there was no material sufficient to establish that the amount collected as tax was in proportion to the facilities provided to the traders.
Auto major Honda Siel Cars India Ltd on Wednesday said it will increase prices across all models from April 2 since the sales tax holiday it enjoys in Uttar Pradesh, is coming to an end.
Power window switch can catch fire.
Honda Motor is working on a small car with 1.2 litre engine for the Indian market at its research and development facility in Japan.
Honda Siel Car India has hiked prices of its 'City' and 'Accord' models following the announcement of a 2 per cent cess on all the major tax heads for education.
Honda Siel Cars India hopes to achieve a nearly 32 per cent rise in turnover this fiscal to Rs 1,500 crore (Rs 15 billion) on the back of increased volumes, company officials said on Tuesday.
Brio, cheaper City and Jazz and diesels could pave the way for growth in India.
Finance Minister Pranab Mukherjee on Friday announced raising of excise duty to 12 per cent from 10 per cent at present.
Car lovers who swear by the Honda badge will have to pay up to Rs 45,000 more, as Honda Siel Cars India Ltd is set to start charging central sales tax on its models since the tax holiday it enjoys in Uttar Pradesh is ending this month.
New model will be powered by a 1.2-litre petrol engine.
Honda will set up its second car manufacturing plant in India near here at an estimated investment of Rs 1,000 crore (Rs 10 billion).
Honda Siel Cars India said on Friday it has hiked the price of its sedans by up to Rs 12,801 owing to increasing input costs.
Accord has registered sales of over 25,000 units since its launch in India.
Honda Siel Cars India is planning to source steel from India for its local operations and is in talks with Tata Steel. A Tata Steel spokesperson confirmed that the companies were in discussions. Currently, Honda sources steel plates from Thailand for its Greater Noida facility. Honda models, like the City and Civic, have 74 per cent localisation, while the newly launched hatchback, Jazz, has 77 per cent local content.
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