Thursday, June 21, 2007

Honda May Develop New Small Cars to Suit India Market, Challenge Suzuki

(Bloomberg) -- Honda Motor Co., Japan's second-
biggest automaker, is studying developing small cars with
engines of less than 1.2 liters to woo buyers in India and other
countries.

The small cars will also enjoy tax advantages in India,
where they make up 75 percent of the market, Masahiro Takedagawa,
chief executive of Honda Siel Cars India Ltd. said in an
interview at its headquarters in Tokyo yesterday.


Read more at Bloomberg Emerging Markets News

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