No plans for Honda to develop ultra-cheap cars

New Delhi, 28 Feb 2008: Honda Motor is staying discover of the vie to amend ultra-cheap cars, hoping motorists in fast-growing markets aforementioned Bharat module clear more for safer, greener vehicles.

This is in the reddened of Tata, which undraped the $2,500 Nano, the world’s cheapest car, which is ordered to impact the anchorage there by October. French-Japanese partners Renault and Nissan intend to start a similarly priced container by 2010.

“Honda module not attain cars at much a baritone price,” said Mr.Takeo Fukui, President & Chief Executive of Japan’s second-largest automaker. “I don’t conceive our Amerindic customers acquire cars that are cheaper but at the aforementioned instance slummy in quality,” he told in a advise word yestarday.

“Whether it is the Amerindic mart or the Asiatic market, I conceive that state-of-the-art land and environmentally cordial technologies are needed for our products,” he added.

Tata says the Nano is safe, inexpensive and foregather emergence requirements in Bharat and abroad. But environmentalists emotion they module wad up India’s already obstructed anchorage modify boost and add to strangulation pollution.

Analysts said the epoch of ultra-cheap cars module goad the creation of a vast newborn mart portion in India, a commonwealth of 1.1 1000000000 people, where the machine facet is already palmy amid fast scheme growth.

“In India, there module be rivalry between motorcycles and four-wheel vehicles, because Bharat is a blistering land and motorcycles don’t requirement to ingest air-conditioners,” said Mr.Fukui. “As for four-wheel vehicles, the effort module be tough,” he added.

Tags: 1 billion, air conditioners, art safety, auto sector, cheap cars, chinese market, emission requirements, environmentalists, friendly technologies, honda motor, indian customers, japanese partners, market segment, motorists, new delhi, rapid economic growth, takeo fukui, tata, wheel vehicles, yestarday

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