Honda Cars India today announced a price cut for its entire range of cars in India. The benefits to the customer will range from Rs 14,650 to Rs 44,741 and will come into effect from today itself. The prices have been revised following the announcement of reduction in excise duty for cars by P. Chidambaram, Finance Minister, in the Interim budget for 2014.
Commenting on duty reduction, Mr. Jnaneswar Sen, Sr. Vice President Marketing & Sales, Honda Cars India Ltd said, “We welcome this move by the government. The reduction in duty will give the necessary boost to consumer demand and fuel growth in the auto industry. We are happy to pass on the benefit of the duty reduction to our customers.”
According to the revised prices, the Honda Brio, the hatchback now starts at Rs 3.99 lakh for the base E model and goes upto Rs 5.99 lakh for the top-end automatic VX model. The petrol range of the Amaze starts at Rs 4.99 lakh for the base EMT and goes upto Rs 7.55 lakh for the automatic VX. The diesel range for the compact sedan starts at Rs 5.97 lakh for the base EMT and goes up to Rs 7.49 lakh for the SX model. The newly launched petrol City starts at Rs 7.19 lakh for the base E model and goes up to Rs 10.8 lakh for the automatic VX model, while the diesel range of the sedan starts at Rs 8.37 lakh for the E model, going all the way up to Rs 10.89 lakh for the VX variant. CR-V, the premium SUV now retails in the Rs 20.25 lakh to Rs 24.36 lakh bracket.
Honda had announced in December last year that they were planning to hike the prices of its car range owing to the increasing input costs, inflation and the adverse exchange rates of the Rupee. But the announcement of the Interim Budget for 2014 has come as a breather for both the auto industry and consumers as an increasing number of car makers are making announcements of passing on the benefits to the Indian consumer.