Honda Siel Cars India (HSCI) will launch the small car ‘Jazz’ in India by June this year. The premium small car will be powered by a 1.2-litre engine which is said to be built exclusively for the Indian market.
Christened as Fit in global markets, Jazz is the first small car from Honda’s stable and is expected to come with a price tag of Rs 5.5 Lakh. Jazz will be positioned against the Skoda Fabia and the upcoming car Maruti Suzuki Ritz.
According to Masahiro Takedagawa (Managing Director & CEO, HSCI), “Jazz will have all the features found in a premium large car. Our survey shows that 80% hatchback customers feel that these cars lack legroom and headroom space which we have addressed in Jazz.”
He also added that the company has designed a new engine for India which will provide better fuel efficiency and power. In order to match the Indian road conditions, Jazz is also equipped with a well-tuned suspension system.
Jazz which is built on the Honda City platform will have 70% localization. Jazz will also receive 8% concession on excise duty under government's small car definition. The car manufacturer will try to pass the benefit of lower excise duty on Jazz but as nearly 30% of the components are imported and also due to the low rupee value, the price will be higher.
Initially, Jazz will sport a manual transmission which will be later followed by the automatic gearbox. Jazz would also come with an option of customization for navigation system, in-car entertainment, sporty tyres, and other gizmos at the dealer level.