As Japanese automaker Honda readies the launch of its fourth generation CR-V in India, it is finding ways to keep the prices competitive in the market. Thus, the company has decided to assemble the vehicle in its Noida plant so that it may take advantage of the lower taxes that India offers.
According to a trade official, the new Honda CR-V will retain the 2.0 litre and 2.4 litre petrol engines options as was found in the older version. The price will be considerably lower than the previous because it will no longer be imported from Japan. In any case, some automobile enthusiasts are disappointed that the new CR-V still has no diesel variant; something that its competitors in the SUV area have.
Analysts say that fuel prices play a major role in the success of an automotive company. According to a Mumbai-based consultant, there are barely any petrol sports utility vehicle models that show decent sales the BMW X1 and the Audi SUV both have diesel options and are current hot sellers. If Honda wishes to catch up to market leader and fellow Japanese automaker Toyota and its Fortuner SUV, it might need to rethink its preference as regards a diesel-running automobile.
[via Economic Times]
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