Honda Elevate's soaring demand results in a six-month waiting period
What's the story
Honda is witnessing a surge in demand for its made-for-India SUV, the Honda Elevate, resulting in a waiting period of up to six months. Launched on September 4, the SUV has garnered significant interest, particularly for its higher-spec variants, which account for over 60% of total bookings. The higher-spec VX and ZX trims have a waiting period of around six months, while the SV and V variants may be delivered in around two to three months.
Details
Introductory prices and popular variants
The introductory prices for the Honda Elevate range from Rs. 11 lakh for the entry-level SV variant and go up to Rs. 16 lakh for the top-spec ZX variant with a CVT automatic gearbox. Dealers have reported greater demand for the higher-spec VX and ZX variants considering they offer more features. Honda has revealed that approximately 65% of total Elevate SUV bookings are for the CVT gearbox-equipped trims.
Performance
Engine specifications and fuel efficiency
The Honda Elevate is powered by a 1.5-liter naturally-aspirated petrol engine that produces 121hp of power and 145Nm of peak torque. It comes with either a 6-speed manual or a 7-step CVT automatic transmission. The manual variant has a fuel efficiency of 15.31km/l, while the CVT version returns 16.92km/l. The Obsidian Blue Pearl and Platinum White Pearl paint finishes are available on the V, VX, and ZX trims, with three dual-paint options exclusive to the top-spec ZX trim.
Insights
Competitors and market response
The Indian automobile sector is witnessing a huge increase in demand for SUVs and this trend shows no indications of abating. In such a scenario, Honda Elevate has emerged as a strong contender. It has managed to find a footing in a highly competitive industry, competing in the 4.2-4.4 meter segment against established rivals such as Hyundai Creta, Kia Seltos, and Maruti Suzuki Grand Vitara. Honda has started deliveries for the Elevate SUV in select cities.