Buy the Honda now, the prices are increasing by Jan
Are you planning to buy the Honda CRV ? or for that matter any car from Honda ? Well, you better buy them before Jan.
Finding it difficult to keep the prices of its cars at the present level Honda Siel Cars India Ltd may have to hike it by one or two per cent by January, due to rising input costs, company President and CEO Masahiro said. Talking to reporters after inaugurating the state-of-the-art Honda facility here, he said though oil prices had fallen, input costs had increased as the value of the Rupee had come down.
We will not be able to manage the pressure after December. We can’t be optimistic. We are preparing ourselves in the next two years, the situation may worsen. As far as India is concerned, the fundamentals are strong and there are sufficient foreign currency reserves.
The price of Honda New City would stay as it is, but that of the Honda CRV could go up by six to seven per cent as it is a fully imported car. The company is preparing itself to face the economic slowdown. as far as India is concerned, the fundamentals are strong and “there are sufficient foreign currency reserves.”
The Indian versions of Accord and Civic had facilities not available elsewhere in the world, like higher suspensions, rear seat audio control and air conditioning facilities, he said. The market would grow in future he said noting and added that the company’s motorcycle sales in India was also encouraging, about six lakh bikes had been sold so far.
Mumbai Auto Show 2009 : Jan 15, Lokhandwala Ground, Andheri
From January 15, 2009, one of the most popular and the biggest car selling trade fair in Mumbai is set to begin at the Lokhandwala Ground in Andheri (W), Mumbai. Auto manufacturers dealing in two-wheelers, cars, vans, bikes, car accessories will showcase their latest products and technologies at India Auto Show. The Indian customers including Executives & businessmen, high-net-worth families & individuals, overseas buyers, corporate buyers - CEOs, automobile professionals, transport operators, decision makers, engineers, tourism & hospitality, media & press, technicians are the expected visitors at India Auto Show.
Skoda India is planning to unveil its new Superb for India at the Mumbai Auto Show 2009. Skoda plans to launch its new Superb in India in February 2009. “Superb was recently launched in all European markets and has received great response. In India, the Superb will be a benchmark in its class in terms of design, safety and value.”
Bajaj to roll out Four-wheeler, with or without, Renault and Nissan
Rahul Bajaj recently said, Bajaj Auto is on course to launch a four-wheeler, “with or without” the partnership getting formalized. The proposed three-way joint venture between Bajaj Auto, Renault SA and Nissan remains at a memorandum of understanding (MoU) stage as of now, with no formal agreement having been signed.
With them or without them (Renault and Nissan), we are going ahead with the four-wheeler project. The JV is still not signed but a feasibility study is on.
Everything (for the proposed JV) is absolutely on track and all our various teams are working 24×7 on the ULC (ultra low-cost) project
The proposed JV is exploring joint development of a low-cost car and then taking it forward to a light commercial vehicle (LCV) platform. The engine for both the low-cost car as well as the LCV is expected to be common.
Bajaj is expected to provide the manufacturing and marketing muscle to the ULC car while the Renault-Nissan combine claims to have already frozen the car’s design. For the powertrain - engine, transmission and gearbox - the three partners are to work jointly.Bajaj may well be forced to go its own way in the LCV domain as well. It is believed to have already begun work on a four-wheeler LCV product (currently its LCV portfolio comprises only three wheelers) to take on Tata Ace and Mahindra Geep Maxi Truck in the one-tonne range and may look at launching it in the next 12-18 months.
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Published on Friday, Nov 28th, 2008 at 10:42 am under categories : HondaTags : Auto News, CRV, Honda, price-hike
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Published on Thursday, Nov 27th, 2008 at 10:33 am under categories : Auto NewsTags : 2009, Auto News, Auto Show, Mumbai
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Published on Tuesday, Nov 18th, 2008 at 6:54 pm under categories : BajajTags : Bajaj, New Car, Nissan, Renault