ET reports Honda' new small car for India would be positioned at a price point below the Jazz, in the scope of the Hyundai i20, Tata Indica Vista and Chevrolet Aveo U-VA. If you have been tuning into IAB regularly, you should have read about it a long time back.
Honda was incapable of bringing down the price of the Jazz which it hopes to launch next month, any further and could have reached to this decision.
The new Honda small car will have an intense level of localization. Honda engineers will work closely with suppliers in bringing the cost down. A team of 25 headed by a Japanese official will begin work on everything from manufacturing to purchase. Honda might use its Rajasthan facility which is currently work in progress to produce upto 250,000 units per annum when fully functional.
