There is good news for those looking to buy a new car as Honda Siel Cars India Ltd has slashed the price of the Honda Jazz by a whopping `1.76 lakh.
The base model of this hatchback will now be sold at around `3.58 lakh (ex-showroom, Delhi).
Experts believe the slash in prices has been triggered by a significant rise in competition in the segment with many rival companies introducing new models or upgrading existing ones.
The latest move by Honda has brought ‘Jazz’ closer to Hyundai i20 and Volkswagen Polo in terms of price. In June the company had announced a similar price cut for its bestselling ‘City’ sedan. Honda City is now selling at `67,000 less than its earlier selling price. Read: Honda slashes City price by upto `66,000
Declining sales numbers confirmed that the City was steadily lost favour among sedan seekers who had started veering toward diesel alternatives after petrol prices were freed by the government last year. ‘No diesel variant meant Honda City had to go cheaper’
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