Honda Has No Plans To Launch Ultra-Low Cost Car For India
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Honda Motor Company is currently not aiming to build any ultra low-cost car to take on Tata Motor’s Nano.
Honda’s Chief executive Takanobu Ito said that “The Company was researching a new compact car for Asian markets and more specifically for India, where it launched its first small car, the Jazz hatchback, earlier this year”.
“We are still undergoing tough times in many traditional markets,” Ito told reporters in the Indian capital.
“I wish I had the magic to predict these numbers,” he said when asked about a recovery in these markets.
“In terms of business planning, we are not predicting an immediate recovery to their original levels.”
“Our top priority is on China and India, where we would like to grow the size of our business as much as possible,” Ito said.
“We don’t have any plan for ultra low-cost car,” Ito said, when asked if Honda looking at such a car in India.
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Posted: November 12th, 2009 under Cars.
Tags: honda low cost car
