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Elevate SUV: Honda's Electric Sunroof Breakthrough Redefines Affordable Luxury!

1/ According to some sneaky industry insiders, Honda is trying to cut costs by offering a single-pane electric sunroof in the upcoming Elevate SUV. " Why spend a fortune on a panoramic sunroof when we can save enough to buy a lifetime supply of doughnuts?" ๐Ÿฉ๐Ÿ’ธ

2/ Reportedly, a single-pane electric sunroof costs anywhere between $500 and $2000. On the other hand, those extravagant panoramic sunroofs can cost between $1000 and $3500. That's enough money to buy a fancy beach umbrella! ๐Ÿ๏ธโ˜‚๏ธ

3/ If the cost savings are extrapolated, then it leads to a jaw-dropping $7.2 million in cost savings for Honda! ๐Ÿค‘๐Ÿ’ฐ Assuming the Honda Elevate captures just one-tenth of its rivalโ€™s market share, the Hyundai Creta. That's a significant amount of money Honda could invest in more beach umbrellas or even sponsor a tropical vacation for some Elevate owners! ๐ŸŒด๐Ÿน๐Ÿ˜Ž

4/ Who needs a panoramic view of the sky when you can experience the thrill of a slightly smaller sunroof at a fraction of the cost? ๐Ÿ˜Ž๐Ÿš— And let's not forget that the Kia Seltos, rocking a single-pane sunroof just like the Elevate, is already making waves in the segment.

Estimated Cost Savings: $7.2 Mn. per annum

Cost Optimisation Impact:

1/ In the end, let's give Honda a round of applause for its cost-cutting wisdom and hope that the Elevate shines bright, proving that you don't need a panoramic sunroof to enjoy the ride. Who knows, maybe it'll become the talk of the townโ€”a budget-friendly SUV with a sunroof that's small but full of dreams (and a few extra dollars in your pocket). ๐Ÿš€๐Ÿ’ฐโœจ

Country: India ๐Ÿ‡ฎ๐Ÿ‡ณ

Company: Honda Cars India Ltd. ๐Ÿš—

Industry: Automotive ๐ŸŽ๏ธ

Cost Element: Material Consumption ๐Ÿ“ฆ

Nature: Opex ๐Ÿ’ผ๐Ÿ“‰

Cost Classification: Variable Cost + Direct Materials Cost ๐Ÿ”ข๐Ÿ’ผ

The Calculation

Conservative Estimate of Honda Elevate car sales per month -> 1,200 units (Taking 1/10th of Hyundai Creta 6 Average monthly sales for FY 2022-23)

Car sales per annum -> 14,400 units

Cost savings due to single-pane electric sunroof -> $500 ($1000 - $500)

Estimated Cost savings for Honda per annum -> $7.2 Million per annum



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Partner, Chandra Wadhwa & Co. (Cost Accountants) | B.Com, FCMA, ACA, DISA | Certified SAP-CO Consultant | Executive Program on Management and Finance (IIM, Ahmedabad)

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