Honda to enter small car segment in 2011

With every car major eyeing the small car business in India, Honda Motor is also all set to enter the small car segment in 2011 with its 5-seater family car. The company said it would sell the car at less than Rs500,000 (US$11,014.96) as it seeks a foothold in the fast-growing segment. “Honda will strive to introduce a small car with a competitive price in the entry level of the hatchback segment in both India and Thailand within 2011,” said Honda Executive Vice President Koichi Kondo. (January 6, 2009)