New Delhi, May 4: Amidst all the brau ha ha of Tata's Nano, India's 1 lakh car, Honda is set to release a most-expensive hatchback manufactured in India, Jazz with the price tag of 7 lakhs.
Honda's Jazz compact will be hitting the markets on June 10 with specially-tailored 1200cc VTEC petrol engine. The car vows to deliver riding comfort and safety features and fuel efficiency.
According to the sources, Honda is expecting modest sales of their first ever compact car. The premium car is expected to 'trail the City sedan in sales volumes' said Honda's president Masahiro Takedagawa.
With the most expensive compact car in India, Skoda Fabia priced at Rs 4.9 lakh on the petrol version and Rs 5.8 lakh on diesel, followed by Hyundai i20 in price Honda seems to accept that Jazz may find it tough to survive in the price-sensitive country.