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Kolkata, March 7 Honda Siel Cars India Ltd will launch a new version of its Accord variant in May-June this year. The premium car manufacturer has also lined up the launch of a hybrid version of the Honda Civic and a new version of the Honda City in the months thereafter, according to Mr Kuldip Nayar, Chairman of Pinnacle Honda, the largest fully-automated Honda showroom-cum-service center in India.

Speaking to newspersons at the inauguration of Pinnacle Honda’s showroom here, Mr Nayar said Honda is also working on plans to launch a “small car” in India by 2009-10. He said the company is upbeat on growth prospects in eastern India and is in the process of setting up dealerships in cities such as Jamshedpur, Guwahati and Siliguri. Within Eastern India and at present, Honda Siel Cars India has a dealership presence only in Kolkata and Bhubaneswar.

Mr Nayar said by the end of the current fiscal Honda Siel Cars India hopes to sell 66,000 Honda units in the country. This would comprise the Honda City, Honda Civic, Honda Accord and the SUV, Honda CR-V. The market in eastern India currently accounts for only 1,800 Honda units. This is expected to go up by 15 per cent in 2008-09, Mr Nayar said.

He said an investment of Rs 20 crore had been made in the Honda Pinnacle 3S (sales, service & spares) facility here. The breakeven on the same is expected only in 2010-11.

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New version of Honda’s Accord to roll out by June

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