The car will be based on the new Jazz.
Honda is mulling a seven-seater multi-purpose vehicle. At the moment, the car maker is studying the market.
Honda Cars India Ltd would be able to manufacture only 4,000-5,000 units of Amaze per month this year as its limited by the current production capacity, company's senior vice-president (sales and marketing) Jnaneswar Sen said at the car's launch in the city.
The company is engaged in developing diesel engines back in Japan.
Car-makers in India, who have been witnessing one of the slowest sales growth rates in over two years, said on Tuesday the Reserve Bank of India's decision to hike key rates will deal a further blow, as financing costs will rise.
"We are designing a small car which will be launched a few years down the line," Jnaneswar Sen Vice President (marketing) Honda Siel Cars India, the Indian subsidiary of the Japanese company said. The car would be placed in the B, B+ segment, Sen said.
Honda Siel Cars India is seriously considering Tamil Nadu and three other states for setting up its second India manufacturing facility, which will be producing small cars.
Honda Siel Cars India said on Wednesday it was planning to launch two models in India, including its popular hatchback Jazz, to mark the company's foray into small car segment in the country.
Auto major Honda Siel Cars India Ltd on Wednesday said it will increase prices across all models from April 2 since the sales tax holiday it enjoys in Uttar Pradesh, is coming to an end.
Honda cars are likely to be dearer by two per cent or between Rs 14,000 and Rs 30,000 from next month.
Car lovers who swear by the Honda badge will have to pay up to Rs 45,000 more, as Honda Siel Cars India Ltd is set to start charging central sales tax on its models since the tax holiday it enjoys in Uttar Pradesh is ending this month.
Honda has also introduced new gear for child seats.
Honda entered the diesel car segment with the Amaze and it became fastest in HCIL history since its inception in the Indian market to cross the milestone
Honda aims to sell 3 lakh units by 2017 from 1.34 lakh units achieved in 2013-14.
The industry was expecting to sell 3 million passenger vehicles for the first time in 2016-17, but now it seems a moot possibility.
Riding on new launches, Japanese auto major Honda is set for over 62 per cent growth in its sales in India this year at around 1.8 lakh units.
City sales stood at 4,600 units in September.
The company said it will resume production of the car that is being rolled out from its Greater Noida plant in the first week of next month.
The number of participating automakers has fallen from 50 in 2018 to 30 this year. The count of exhibitors, including technology companies, has come down from 119 to 112. And showstopper luxury and supercar brands, including Toyota, Jeep, Lamborghini, Porsche, and Volvo will be missing. Similarly, the commercial vehicle makers also gave the show a miss -- a prolonged economic slowdown has dented their fortunes and near chances of any recovery.
An exclusive sporty version -- RS diesel variant -- is priced at Rs 11.39,000 (ex-showroom Chennai).
An exclusive sporty version -- RS diesel variant -- is priced at Rs 11.39,000 (ex-showroom Chennai).
In the first 4 months of CY17, Honda has sold 14% more units than Tata Motors
The share of diesel vehicles sold in 2014-15 was 37 per cent.
Maruti Suzuki's inventory across its dealerships is a 100,000 vehicles at the end of any month. However, it was only 34,000 vehicles at the end of December 2016.
While offering discounts of up to Rs 1 lakh, Hyundai, Ford and Honda are also hiking prices by 1-2% from January, Swaraj Baggonkar/Business Standard reports from Mumbai.
Car makers are cautiously optimistic, even as two-wheeler firms are clearly upbeat.
General Motors India Vice President P Balendran termed the decision as a positive move for the overall economy.
FMCG, durables, pharma firms say they remain unclear about transition gains and losses
From discounts to hundred per cent financing to talks of a price hike, companies are doing everything to ensure retail sales pick up this month.
Maruti Suzuki India (MSI) on Monday reported a 29.1 per cent rise in total sales in October.
The price differential has been upwards of 20%.
Ahead of the international auto show that begins next Wednesday, the Indian auto industry continues to be buffeted with bad news. According to data released by leading automobile companies on Saturday, the industry's sales volumes in January fell about five per cent from those in the same month last year.
There was no sale of premium sedan Kizashi during the month.
Top carmakers, including Maruti Suzuki India, Hyundai and Honda, are expecting a spike in their sales following the implementation of 7th Pay Commission recommendations.
The auto industry expects lower taxes and interest rates from Budget 2015.
MSI said compact sedan Dzire Tour stood out as sales rose by over two-fold during the month under review to 3,370 units as against 1,299 in July 2014.
A weaker rupee against the US dollar and the Japanese yen along with margin sustenance pressures have forced companies to raise prices.
Maruti Suzuki, Hyundai and Mahindra failed to register significant growth.
This trend is likely to gain pace with the new infrastructure cess on diesel vehicles.
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