1. Low-Price Strategy.

"The Honda Wave has achieved low price, yet high quality and
dependability, through using cost-reduced locally made parts as well as parts obtained
through Honda's global purchasing network," the company said.

2. They had a plan in place from the very beginning. Since the outset of their operations, all
successful low-price enterprises have placed a strong emphasis on both cheap pricing
and high volumes. They used a low-price strategy while offering high-quality goods. A
Honda Dream used to cost $732, which is 65% less than the current models' entry-level
price on the market of $732.

3. By tying the price to the product's quality, the market it is sold in, the demand for it, and
the level of competition it must contend with, they can implement various pricing
strategies.