Yesterday Honda announced price cuts of its Honda City sedan by up to Rs. 66,000 with effect from June 14. The n price details were available only for Delhi. Now, we have the new prices of the City sedan across five big cities (in terms of automobile owners and buyers): New Delhi, Mumbai, Bangalore, Chennai and Chandigarh.
Honda slashed the prices to make Honda’s petrol offering more competitive compared to its new rivals the new Hyundai Verna and the upcoming Ford Fiesta. Here’s a list of the new prices for the City’s key variants across the five cities.
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The City has been facing the heat from its rivals who have a better proposition for buyers with their diesel offering and thus taking away market share from the City. Volkswagen sold 6,839 units of the Vento while Honda managed to sell only 4,314 units of the City in March-April 2011. This trend continued in May as the City’s sales were left further behind (It sold only 1,828 units while the Vento sold 2,403 units). Also read: Honda slashes prices of Honda City by up to Rs.66,000
CarToq had earlier reported that the Volkswagen Vento had outshined the Honda City in terms of sales and now the new Hyundai Fluidic Verna too is eating away its market share. Whether the reduced prices will enable City to regain its position as a segment leader will be known in the next couple of months but it should definitely help Honda stop losing more market share to its rivals.