Honda Elevate Experiences Price Surge of Rs 20k to 58k – Revised Rates Jan 2024

Introduction

Honda Elevate Experiences Price Surge of Rs 20k to 58k
Honda Elevate Experiences Price Surge of Rs 20k to 58k

The automobile world is like a roller coaster, and just when you thought you had the hang of it, Honda throws in a twist. Brace yourselves, folks! Honda has decided to play the price hike card for its beloved model, the Honda Elevate. Let’s take a joyride through the details and see what this means for our pockets.

Honda Elevate Overview

  • Honda Elevate 2024: Picture a compact SUV that’s as popular as your favorite meme – that’s the Honda Elevate for you.
  • Introductory Offer: Honda was in a generous mood until December 23, 2023, offering the Elevate at a special introductory price.

Price Hike Details

  • Price Increase: Time to loosen those purse strings! The Honda Elevate is now flexing its new price tags.
  • Base Variant Increase: The base SV MT variant is the new diva on the block, strutting with a price tag of Rs 11,57,900, a whopping increase of Rs 58,000.
  • Other Variants: Not to be left out, the V MT, V CVT, VX MT, VX CVT, ZX MT, and ZX CVT variants are all getting in on the act with a uniform price bump of Rs 20,000 each.

Reasons Behind the Hike

  • Production Cost Rise: Apparently, even cars have bills to pay. The increase in production costs is giving your wallet a workout.
  • Industry Trend: Honda’s not the only one throwing confetti in the air. Other carmakers are joining the party with their price adjustments.

Market Positioning

  • Market Standing: The Elevate isn’t just a car; it’s practically a celebrity in the compact SUV world.
  • Top 5 Ranking: It’s like being in a celebrity “Top 5” list, and despite the price hike, Elevate still holds its ground.
  • Competition Overview: Move over, rivals! The Elevate leaves competitors like Toyota Hyryder, Skoda Kushaq, and Volkswagen Taigun biting the dust.

Price Comparison

  • Vs. Competitors: The Elevate’s base variant is now flexing its muscles in terms of price, towering over the base variants of the Hyundai Creta, Kia Seltos, and Maruti Grand Vitara.
  • Upcoming Competitor Launches: Brace yourselves for the ultimate showdown as upcoming launches could flip the script.

Impact on Sales

  • Sales Impact Assessment: Will the Elevate still be the belle of the sales ball? Only time will tell.
  • Previous Success: With 20,000 units sold in just 100 days, the Elevate has danced its way into our hearts.
  • Market Share: As of November, Elevate holds a market share that’s the envy of many – 10.84%.

Future Plans for Honda Elevate

  • Honda’s Growth: The Elevate is like the MVP, contributing more than 50% to Honda’s overall sales.
  • Upcoming SUVs: Honda is gearing up for a 2030 SUV party, planning to launch four new SUVs to keep the excitement alive.
  • Electric Version: The Elevate is going green with an electric version in the works, following Honda’s Project ACE.
  • BEV for India: Get ready for a shock – the Elevate EV is set to be Honda’s first Battery Electric Vehicle (BEV) for the Indian market.
  • Competition in EV Segment: The Elevate EV is stepping into the ring with competitors like MG ZS EV, Mahindra XUV400, Hyundai Creta EV, and Tata Curvv.
  • Manufacturing and Export: It’s not just a local star; the Elevate EV will be showing off its moves on the global stage, manufactured in India and exported worldwide.
Honda Elevate Experiences Price Surge of Rs 20k to 58k
Honda Elevate Experiences Price Surge of Rs 20k to 58k

Price Hike Details

Reason for Hike

Why, Honda, why? Well, it’s that time of the year – the first month of the new calendar year when automakers play the price-adjustment game. Honda decided to join the fun, and the Elevate is paying the price, literally.

Variant-wise Price Hike

Let’s talk numbers, shall we? Here’s the breakdown of the price hike across the different Elevate variants:

VariantOld PricesNew Prices
SV MTRs. 10,99,900Rs. 11,57,900
V MTRs. 12,10,900Rs. 12,30,900
V CVTRs. 13,20,900Rs. 13,40,900
VX MTRs. 13,49,900Rs. 13,69,900
VX CVTRs. 14,59,900Rs. 14,79,900
ZX MTRs. 14,89,900Rs. 15,09,900
ZX CVTRs. 15,99,900Rs. 16,19,900

Honda Elevate – Features and Specifications

Platform and Engine

Under the hood, the Elevate shares its platform with the fifth-generation City midsize sedan. Powering this beast is a 1.5L four-cylinder VTEC petrol engine, belting out 121 PS power and 145 Nm peak torque. It comes with a standard six-speed manual transmission and an optional CVT for those who prefer a smoother ride.

Competition

The Elevate isn’t in this race alone. It’s battling it out with heavyweights like Hyundai Creta, Kia Seltos, Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, MG Astor, VW Taigun, and Skoda Kushaq. May the best car win!

Dimensions

Size matters, they say. The Elevate boasts an overall length of 4,312 mm, a width of 1,790 mm, and a height of 1,650 mm. With a wheelbase of 2,650 mm, it’s like the Goldilocks of cars – just right!

Storage and Ground Clearance

If you’re the kind who carries their world in the trunk, the Elevate’s got your back with a whopping 458 liters of boot space – the largest in its class. And with a ground clearance of 220 mm, it can handle speed bumps like a champ. Elevate, indeed!

Key Features

It’s not just about the looks. The Elevate is loaded with a 10.25-inch touchscreen infotainment system, connectivity options, six airbags, a seven-inch TFT meter cluster, and more bells and whistles than a New Year’s Eve celebration.

Global Presence

Surprisingly, the Elevate is not just an Indian sensation. It takes a trip all the way to Japan, where it transforms into the new WR-V. Talk about a car with a global passport!

Maruti Jimny Discount Drops from Rs. 2 Lakh to Rs. 5,000 in Jan 2024

Overview of Maruti Suzuki Jimny Discount Offer

In the land of Maruti, the Jimny made headlines with a spectacular year-end discount of Rs. 2 lakh, including a special Thunder Edition in December 2023. But hold your horses, because the discount party seems to be over.

Limited Period Offer

The year-end discount was like a fireworks display, but alas, it was limited to December 2023, emphasizing the urgency for stock clearance. Blink, and you might have missed it!

MY 2024 Jimny Discount

Fast forward to 2024, and the discount for the MY 2024 Jimny has taken a nosedive, plummeting to a mere Rs. 5,000. It’s like going from a grand feast to a budget-friendly meal deal – a real game-changer.

Maruti Suzuki Jimny Discount Details

Discount for MY 2023 Jimny

If you’re still living in the past (2023 to be exact), fear not! Discounts still rain down for the 2023 Jimny:

Zeta Model

  • Offers a discount of Rs. 55,000, including a Rs. 50,000 cash discount and a Rs. 5,000 corporate bonus. Who doesn’t love a good bonus?
Honda Elevate Experiences Price Surge of Rs 20k to 58k
Honda Elevate Experiences Price Surge of Rs 20k to 58k

Alpha Model

  • Presents a generous discount of up to Rs. 1.05 lakh, comprising a Rs. 1 lakh upfront cash discount and a Rs. 5,000 corporate bonus. It’s raining discounts, hallelujah!

Transmission Options

Whether you’re a manual aficionado or prefer the ease of an automatic, the Jimny’s got you covered. The discounts apply to both manual (MT) and automatic (AT) transmission options. Choices, choices!

Bookings and Pricing

The Jimny has been a crowd-pleaser with over 43,000 bookings. While the prices have settled post the discount extravaganza, word on the street is there’s an impending yearly price hike. Brace yourselves for potential price turbulence!

Conclusion

In the grand scheme of the automotive tango, a price hike is just another twirl. Despite the increase, the Honda Elevate remains the life of the compact SUV party. The upcoming electric version is like adding a new dance move, showing that Honda is keeping pace with the electric evolution. As we buckle up for this ride, let’s see how the Elevate continues to steal the show in the compact SUV segment.


FAQs

Is the price hike specific to the Honda Elevate model?

Yes, indeed! The Elevate is hogging the spotlight with a price hike. The base variant, SV MT, is now strutting around with a hefty Rs 58,000 increase, while the other variants join the party with a cool Rs 20,000 raise.

What factors contributed to the price hike?

Blame it on the cost of being fabulous! The rise in production costs is the main culprit here. It’s like buying a designer dress – you pay for the glam.

How does the Honda Elevate compare to its competitors in terms of pricing?

Well, move over budget-friendly options; the Elevate’s base variant is now living the luxury life, pricier than rivals like Hyundai Creta, Kia Seltos, and Maruti Grand Vitara. Let the price wars begin!

What is the current market standing of the Honda Elevate?

Despite the price drama, the Elevate remains the star of the compact SUV show, chilling in the top 5 best-selling models. As of November, it owns a 10.84% market share – a true celebrity stat.

Are there any plans for an electric version of the Honda Elevate?

Hold on to your eco-friendly hats! Honda is cooking up an electric version of the Elevate. This Battery Electric Vehicle (BEV) is gearing up to compete with other electric SUVs in the market, both at home and abroad. Get ready for an electrifying ride!

Why did Honda increase the prices of the Elevate?

The price hike is a customary move by Honda during the first month of the new calendar year. Various factors influencing the automotive industry contribute to these adjustments.

How much has each variant’s price increased?

Here’s the breakdown of the price increase across different Elevate variants:
SV MT: Increased by Rs. 58,000
V MT: Hiked by Rs. 20,000
V CVT: Up by Rs. 20,000
VX MT: Increased by Rs. 20,000
VX CVT: Same hike as VX MT
ZX MT: Increased by Rs. 20,000
ZX CVT: Hiked by Rs. 20,000

What features make the Elevate stand out?

The Elevate boasts a 1.5L four-cylinder VTEC petrol engine, spacious interior, impressive 10.25-inch touchscreen infotainment system, and the largest boot space in its class.

How does the Elevate compare with its competitors?

Competing with models like Hyundai Creta, Kia Seltos, Maruti Suzuki Grand Vitara, and others, the Elevate holds its ground with a powerful engine, spacious dimensions, and advanced features.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *