Honda Civic Hybrid cheaper by Rs 8 lakh


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Honda 'Civic Hybrid' cars cheaper by Rs 8 lakh

New Delhi: Carmaker Honda Siel Cars India (HSCI) has slashed the price of its eco-friendly sedan, Civic Hybrid, to Rs 13.36 lakh (ex-showroom, Delhi) from Rs 21.50 lakh earlier for a limited period, till December this year.

“There was a huge response from customers, who wanted to buy the car, but they were unable to do so because of the high import duty cost. As our priority is to popularise the technology, we have decided to cut the price for a limited period,” HSCI Vice-President (Marketing), Jananeswar Sen, said.
He said part of the cost would be borne by the company and a limited number of units would be imported during the offer period.

Till last month, the company sold 60 units of the ‘Civic Hybrid’.
Sen said HSCI, which is constructing its second plant in Tapukara in Rajasthan, is having a review of its investment plans keeping in mind the current market slowdown.

“We have already invested Rs 600 crore in the first phase out of the committed Rs 1,000 crore at the plant. The remaining amount is supposed to be invested for car assembly, which we are reviewing now,” he said.
The company was analysing the market situation before going ahead, Sen added.
He, however, said the company’s plan to roll out its hatchback ‘Jazz’ by mid next year is on track.



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Re: Honda 'Civic Hybrid' cheaper by Rs 8

Honda clears Civic Hybrid India inventory

NEw Delhi: Japanese auto major Honda, which recently slashed the price of its Civic Hybrid by about Rs 8 lakh for a limited period, will not import the car further this fiscal as its allotment for India has exhausted.
The company's subsidiary, Honda Siel Cars India had received an overwhelming response to its limited-period price cut offer from November 10-17, selling about 235 units during the week against 60 units since its launch in June.

“What we had planned to sell for the entire fiscal was achieved during the week-long price cut offer. We had placed a limited order with Honda Motor Co Japan and for this fiscal we will not be importing any further Civic Hybrid,” a senior company official said.
HSCI had launched the Civic Hybrid, the first of such type of vehicle in India priced at Rs 21.5 lakh in June. In November, it announced a price-cut and reduced the price to Rs 13.36 lakh for a limited period.