Dispelling rumors to the contrary, Honda Motor Co. won't be making a low-cost and presumably fuel-efficient minicar in India to compete with products released by Tata Motors Ltd. and the alliance of Renault SA and Nissan Motor Co. Instead, Japan's second-biggest carmaker is developing a small car that will cost less than its existing Jazz hatchback model, CEO Takanobu Ito told a news conference today. The starting price of Jazz is 698,000 rupees (about $15,000) at showrooms in New Delhi. Ito said the new car will be targeted at countries in Asia, with India as a key market. “We would like to offer to as many customers as possible, a product at their price expectation level,” he
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Honda Won’t Offer Low-Cost Minicar in India to Compete With Tata, Renault-Nissan