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The Japanese car makers have slashed the price by Rs 50,000 compared to that of the existing model.
The new Honda City comes with an additional variant named 'Corporate' which is a new addition to its other existing E, S and V models. ‘Corporate’ comes with a price tag of Rs 6.99 lakh. The E variant is priced at Rs 7.70 lakh, while the S model comes at Rs 8.20. The variant V-MT and V-AT is priced at Rs 8.70 and Rs 9.42 lakh respectively.
The old City was priced between Rs 7.49 lakh and Rs 9.89 lakh.
The new Honda City which was first launched in Thailand on September has an electric sun-roof installed in the V variant which will bump up the price tag for the V MT to Rs 9.50 lakh and the V AT to Rs. 10.22 lakh (All prices ex-showroom, Delhi) respectively.
Bookings for the new City will commence immediately at all the Honda dealerships nationwide and deliveries will begin in January 2012.
The company had introduced the current third generation City in 2008 and has sold 1.36 lakh units so far.
The City sales have been facing stiff resistance from other models in the segment such as Hyundai Verna, Maruti SX4 and Volkswagen Vento. While Verna, SX4 and Vento offer both diesel and petrol options, City comes only in petrol variant.