Tata Nano will soon have a competitor from Honda Siel Cars India Ltd. Bajaj-Renault-Nissan have already announced to launch their Nano competitor in the Indian market and Honda Motor Company from Japan recently shook hands with Siddharth Sriram Group to launch a second small car in India.
The new small car will be a 600cc car that will be launched in the B or B+ segment. The 600cc K-series engine, currently being sold only in Japan, will power the new car model in India. It will roll out from the Rajasthan manufacturing facility and will be designed specifically for the Indian driving conditions.
The company also plans to launch its hatchback model, Jazz, in India which is a premium model powered by a 1200cc engine. It will be available in India by 2009. The model was recently unveiled by M. Takedagawa, President and CEO, Honda Siel Cars India Ltd earlier this year. HSCI aims to sell more than 150,000 units of cars in India by the end of 2010 and it plans to make nearly Rs.1000 crore investment at its Rajasthan manufacturing plant.
