It is going to be a close shave for the domestic sports utility vehicles (SUV) market with the entry of another contender in the form of Honda’s CR-V. Honda’s Indian subsidiary, Honda Siel Cars India (HSCI) announced the introduction of CR-V on Friday.While announcing the launch, the president and chief executive officer of HSCI, H. Yamada said that, ‘‘the vehicle will also be positioned as a low-end D segment car, and we aim to sell 1,000-1,200 units of CR-V within the first year of the launch.’’‘‘We are targeting an over 50 per cent rise in our sales to 20,000 units this year, and planning to firm our grip in the premium car range through rolling out new vehicles,’’ Yamada said.The CR-V, would be imported from Japan as completely built units (CBU) and would be available in the Indian market by the end of July with a price tag of Rs 14-15 lakh (ex-showroom, Delhi).
