Honda CEO says no plans for ultra-low cost car

Honda CEO says no plans for ultra-low cost car
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First Published: Wed, Nov 11 2009. 07 36 PM IST
Updated: Wed, Nov 11 2009. 07 36 PM IST
New Delhi: Honda Motor Co does not plan to make an ultra-low cost car to take on Tata Motors’ Nano, but is working on a second small car for India, chief executive Takanobu Ito said on Wednesday.
“We don’t have any plan for ultra low-cost car,” Ito told a news conference in the Indian capital.
Honda, which makes premium sedans Honda City, Civic and Accord in India, earlier this year launched its first compact car in India, named Jazz.
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First Published: Wed, Nov 11 2009. 07 36 PM IST
More Topics: Honda | Small car | Sedans | India | Corporate News |