As expected, Honda today announced the hike in prices of City,Civic,Accord and CR-V. While ther price of city goes up between Rs30,000 and Rs35,000. However the price of Honda CR-V witness a steep hike in price. The price of CR-V price goes up by Rs 3,54,000. The increase, necessitated by considerable depreciation of Indian Rupee and strong Japanese Yen against Dollar, is in the range of 4% to 20% on the current price. Commenting on the price increase, Mr Jnaneswar Sen, Vice President, Marketing, said, “The rupee has depreciated by over 16% vs USD in the past 8 months. On the other hand, the Japanese Yen has strengthened by 10.5% during this period. These currency fluctuations have resulted in tremendous increase in cost of imports impacting the bottom lines, but so far, we have refrained from passing them on to the customer. But it is not possible to absorb the impact any more.” The revised prices for City, Civic and CR-V will be effective from April 1, 2009 and for Accord from March 16, 2009.
The new prices, ex-showroom Delhi are as follows:
Production Model
| Price Change Summary | Ex-showroom Delhi Price (in Rs.) | ||||
| Model | Current | New | Difference | W.E.F | |
| CITY | 1.5 E MT | 751,000 | 781,000 | 30,000 | 1st April 09 |
| 1.5 S MT | 799,900 | 832,000 | 32,100 | ||
| 1.5 S AT | 869,000 | 904,000 | 35,000 | ||
| CIVIC | 1.8 E MT | 999,900 | 1,050,000 | 50,100 | 1st April 09 |
| 1.8 SPORT | 1,206,862 | 1,264,862 | 58,000 | ||
| 1.8 V MT | 1,187,000 | 1,246,000 | 59,000 | ||
| 1.8 V AT | 1,255,000 | 1,318,000 | 63,000 | ||
| ACCORD | 2.4 MT | 1,672,000 | 1,772,000 | 100,000 | 16th Mar 09 |
| 2.4 AT | 1,746,000 | 1,847,000 | 101,000 | ||
CBU Import Model
| Ex-showroom Delhi Price (in Rs.) | |||||
| Model | Current | New | Difference | W.E.F | |
| CR-V | 2.0 MT | 1,770,000 | 2,124,000 | 354,000 | 1st April 09 |
| 2.4 MT | 1,920,000 | 2,274,000 | 354,000 | ||
| 2.4 AT | 1,990,000 | 2,344,000 | 354,000 | ||