Honda City prices dropped!!!!

Well what can we say.. Is it the petrol hike effect or dropping of sales.. Whatever may be the reason there is a lot of good news and time to rejoice. Honda City has got a massive price cut, in the range of Rs. 44,000 to 66,000.

Honda India has said that they have revised the price after enforcing considerable cost reduction efforts in the supply chain & manufacturing will be effective from June 14, 2011. The City EMT now starts at 7.49 lakhs while the top of the line VAT is priced at 9.82 lakhs.

Well now there is going to be some serious competition in the C-segment. The new Verna, the new Fiesta, Vento at a special interest rate and now the City at reduced prices gives the buyer a run for their money.

The variant-wise ex-showroom, Delhi price of City is as follows:

Price Change : Summary W.E.F : 14 June 2011
Type Ex-Showroom (Delhi)
Current New Diff
City EMT 8,15,000 7,49,000 (-) 66,000
SMT 8,64,600 8,19,600 (-) 45,000
VMT 9,09,800 8,64,800 (-) 45,000
VMT Exclusive 9,60,900 9,16,900 (-) 44,000
VAT 9,82,000 9,37,000 (-) 45,000
VAT Exclusive 10,33,100 9,89,100 (-) 44,000

Official Press release

Honda Siel Cars India, leading manufacturer of premium cars in India, today announced the new price structure for its volume model Honda City.

The prices, which have been revised after enforcing considerable cost reduction efforts in the supply chain & manufacturing, will be effective from June 14, 2011. This price revision is in line with Honda’s global vision of creating products that maximize the joy of customers, with speed, affordability and low CO2.

Commenting on the new price structure, Mr. Jnaneswar Sen, Sr. Vice President – Sales & Marketing, Honda Siel Cars India, said, “Our R&D function in India (HRAP-I) started working on localization and cost down activities for our volume models  from year 2009. In anticipation of bigger volumes resulting in economies of scale from the second half of current year, we have achieved considerable cost reduction and are happy to pass on the benefit to the customers with immediate effect. The Honda City would now start from Rs 7.49 lakhs (ex showroom Delhi).”