Honda to launch its small car in India

New Delhi: Honda Motors said on Thursday that it was looking at bringing in a small car in the Indian market for expanding its product portfolio.

"We are looking at a small car for introducing in the Indian market," HONDA Siel India president and CEO M Takedagawa said on the sidelines of SIAM summit.

He appreciated the Government's move to cut excise duty on small cars by 8 per cent.

Honda expects sales in India at 62,000 units this fiscal against 43,000 in 2005-06. Of this, 40,000 are expected of 'Honda City', 16,000 of 'Civic', and 3,000 each of 'CRV' and 'Accord', Takedagawa said.