Honda has come out with an announcement that they are working on releasing a new car for the Indian market and this time its going to be the Hatchback segment. The Honda officials say that the car will be rolled out in the Indian market in 2-3 years.
The new premium hatchback is still underdeveloped and it will first be launched in India and then elsewhere. Takedagawa said “India would be the lead country though the car will also be sold in other markets. However, we will consider Indian infrastructure and localization plan while developing it.”
The company will be investing a further $200 million for a new plant through which they would wnat their sales to peak to over 1 lac units by 2010.
Honda January 11th 2007
