— Photo: R. V. Moorthy

NEW GENERATION CAR: Masahiro Takedagawa, President and CEO of Honda Siel Cars India, seen with the newly launched all-new third generation CR-V, in New Delhi, on Tuesday.

NEW DELHI: Honda Siel Cars India on Tuesday launched a new CR-V, its premium sport utility vehicle (SUV) model. The new vehicle will be costlier by at least Rs. 2.50 lakh than the existing one.

"The third generation CR-V, which is being introduced in India after its global launch, signifies the importance of the Indian market to Honda's plans,'' Honda Siel Car India President and CEO Masahiro Takedagawa told reporters here.

The new CR-V, which comes in two variants of six speed manual transmission and an automatic transmission, is priced at Rs. 17.70 lakh (ex-showroom Delhi) and Rs. 18.40 lakh (ex-showroom Delhi), respectively.

Commenting on the company's plans for a small car project and a new plant, Mr. Takedagawa said nothing had been finalised and the company was still studying various options.

He said the increasing input cost and unfavourable foreign exchange rate put pressure, and, therefore, the company was looking at hiking prices of all its production models in India. "We are still working out by how much the price will be increased, but we will try to keep it to a minimum,'' he said.

On the issue of Honda Motors India (HMI), he said the proposed company, which would be overseeing all of Honda's operations in India, was likely to officially start operations by December.

HMI was for synergising the operations of four companies of Honda India, he said. "To start with, the company will look after the spare parts and services for four-wheelers and then gradually expand to two wheelers,'' he said.

PTI

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