Latest Car News in India

Honda City to get discount of INR 70,000-1 Lakh to clear stock

There are speculations made in the auto sector lanes that once again Japan based auto giant Honda might slash the prices of its premium and best selling sedan by a sizeable amount of Rs 70,000 to Rs 1,000,00. This heavy discount is offered by the company eyeing the scheduled launch of face-lifted 2012 Honda City; which is expected to hit the showrooms anytime in December month this year, and the company wants to clear the stocks of existing Honda City at its production units and dealership ends.

The same kind of strategy came into limelight prior to the launch of new Honda Jazz, at that point also a whopping discount of Rs 1.5 Lakhs was observed on the older version of hatchback Jazz. And it sold like hot selling cakes.

As of now, the company hasn’t come up with any official announcement, it seems that the firm will again walk on the lines of Jazz clearance sales and let its dealerships carry out the discount process.

The top selling sedan in the C-segment Honda City has seen good sales volumes since it got the descended price revision from the company in the start of this year; which many believe, that it is the effect of localization. Whatever may be the reasons the price revise has proven good for the consumer and even better for the company as they are able to maintain the aggressive pricing at the existing level.

The new Honda City might not carry any discounted price in its initial stage as the cost has seen a slash earlier in 2011.The face-lifted Honda City is estimated to be priced at usual price of Rs 7.49 Lakhs for the entry level model. Honda cars don’t have diesel, CNG or LPG variants in its portfolio; it only consists of petrol powered cars.