Honda developing a premium hatchback for Indian markets

Honda developing a premium hatchback for Indian markets

Hyundai created this market with their Getz car. Suzuki entered the market with Swift and captured the hearts of the Indian consumer. Now, General Motors is trying to gain customer’s attention with their Chevrolet UVA.

The next player to join this race is unknown but Honda has said that they would be bringing in a premium hatchback in India in the next 2-3 years.

Masahiro Takedagawa, president and CEO of Honda`s Indian joint venture Honda Siel Cars India said in a statement on their plans: “It will not be from our existing models. Our plans are to provide the latest global-technology models and this car will most likely be launched in the next 2-3 years.”

He further said: “India will be the lead country though the car will also be sold in other markets. However, we will consider Indian infrastructure and localization plans while developing it.”

Honda is also planning to setup a second plant in India, which will see it invest 200 million dollars. The company is aiming to touch sales of 60,000 units in 2006-07.