The Japanese carmaker Honda which has been slowly getting into the thick of things in Indian automobile market has now reportedly plans to assemble its sport utility vehicle CR-V in India to benefit from lower taxes. According to a report in The Economic Times, this move is aimed at keeping the price tag competitive when the fourth generation CR-V is launched next month. It was reported that Honda will bring the new SUV with 2.0 litre and 2.4 litre petrol engines options just like the old CR-V, which has already been discontinued. And also the price of the new vehicle will be lower than its outgoing sibling that was available in the price band of 22.91 lakh to 25.15 lakh (ex-showroom, Delhi) and was imported directly from Japan. The local assembly of the new CR-V will be done at Honda's Noida plant.