Honda may have showed interest in the small car market in India, and confirmed its plan to launch a smaller car when they showcased the concept car at 2010 Delhi auto expo.
However Honda India said its proposed hatchback for India is not aimed at the volume-driven small car segment and will be positioned above this category.
The company, which is present in India through a joint venture with the Siel Group, is developing a hatchback for the growing Indian auto market and plans to launch it by 2011.
Honda India plan to launch the car in the country by 2011 and was looking at a price of less than Rs. 5 lakh. The cheapest offering from HSCI’s stable in India is its compact car, Jazz, which starts at Rs 7.11 lakh (ex-showroom, Delhi). The company is aiming for over 80 per cent localisation for its proposed small car.
Well if Honda price their small car above 4.5 lakh it could end up like the Jazz, where it have true Honda lovers or those who want models which are not very comman.