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Honda Siel to launch small car by 2009

Honda Siel Cars India Ltd. said it would launch a premium 1.2-liter hatchback in 2009. ”We will launch a 1.2-liter small car with all luxury features by next year,” Vice President of Marketing Jnaneswar Sen said. Though the company did not divulge the price of the car, it is estimated that it will be priced around Rs4.5-5 lakh (US$9,676-10,751). Sen said the car would be a global model but will only be sold in the Indian market, since the company does not plan to export the hatchback. (September 4, 2008)