The price of the sporty and agile Honda CR-V is set to increase by about 30 per cent in the coming months. The main culprit to blame for this is the devaluation of rupee as major portion of the components is imported from countries like Japan and Thailand.
Following the Honda CR-V, other car models from the house of Honda are also likely to witness a jump in prices. The Honda CR-V is chosen first by the company to hike the price because the car is imported to India as a completely built unit (CBU). The company is aware of the fact that it will saddle the customers, but if the prices are not increased, Honda cars will see a major loss in business.
Being an icon for style and performance, the dazzling SUV is sold in 160 countries with more than 2.5 million accumulated sales units. It shares a good number in the sales figure of Honda cars in India. Now with the price hike, the car may experience a cold market but it can only be substantiate after the price is actually raised in practicality.
That’s bad. Its one of the best SUVs for Indian roads. And increasing the price of the car especially at a time when car buyers are already moving away from the showrooms is not a good thing for the manufacturer. Honda may face a tough time if it increases the price at this stage.
I really never understood this concept of increasing price at this time. It is the time when every one is drastically hit by the recession and the car manufactures should come up with attractive offers to push the sales but he it is other way around. They are increasing the price which in turn will hold the buyers with their purchase.