Japanese automobile giant Honda is a popular brand all across the globe. They have introduced several new cars in India, which have become an instant success story among buyers.
Honda India had discontinued its Jazz premium hatchback and Accord premium sedan. The vehicles were believed to be overpriced and did not do well in terms of sales. They now plan to revive these two products by heavy localisation of parts and components to price it competitively.
The Japanese manufacturer plans to introduce a diesel as well as petrol engine in their premium hatchback. We believe Honda will provide a 1.2-litre petrol engine, which will produce 87 BHP, along with 109 Nm of peak torque. It may also get a 1.5-litre i-DTEC diesel mill capable of producing 99 BHP, along with 200 Nm of peak torque.
The Accord by Honda will also be provided with a diesel and petrol mill. It is not sure though if it will include an automatic transmission as well. The Japanese luxury sedan will take on the likes of Toyota's Camry, Hyundai's Elantra and several other vehicles.
We believe Honda engineers have already begun working on their Jazz prototype in India. Their goal is to localise parts and components unto 90 percent thus bringing the cost significantly lower than its predecessor. The hatchback will compete with Volkswagen Polo, Maruti Suzuki Swift and Elite i20 by Hyundai.
Honda has not revealed a specific timeline for the launch of both products. The Jazz hatchback is expected by mid 2015, while the Accord luxury sedan is expected by end of 2015 to early 2016. We expect both products to be top-notch and priced aggressively against its competitors.