Next Honda Fit to use more imported components in order to be more competitively priced

The new Honda Fit (aka Jazz) will be presented in 2013 (earlier post) and according to a report by Nikkan, the percentage of imported parts used in the domestic models will be increased from 17% to around 40%. This will enable a reduction of 15% in the price of the new Fit, and will enable Honda to save in total around 70 - 80 billion yen.

This is an example of manufacturer's attempt to lower their prices. In China and India, the use of components from local suppliers is nearly 100%.