Japanese car major Honda Motor Co today said it would launch two small cars in India within the next four years, the first of which will be by next June-July as it seeks to play a significant part in the small cars segment.
The company, which operates in India through a joint venture with the Siel Group — Honda Siel Cars India, today inaugurated its second plant here, which would mainly manufacture its small car for the Indian market.
"We will be launching two small cars in India within the next three to four years. The first one will be rolled out by June-July next year," Honda Siel Cars India Vice-President (Marketing) Jnaneswar Sen said.
The company will launch its premium hatchback 'Jazz' by next year, which would be followed by a 1.2 litre petrol engine small car currently under development, he said.
The Jazz would initially be produced at the company's first plant at Greater Noida, and later would be shifted to the plant here as soon as it is completed, Sen said.
The company had announced an initial investment of Rs 1,000 crore for the plant here, which will have a capacity of 60,000 units, expandable up to 2.4 lakh units.