Japanese automaker Honda Cars India Ltd. (HCIL) on Wednesday approved the launch of a 'made in India' compact sports utility vehicle, particularly developed for Indian customers. The vehicle could also be exported to neighbouring as well as African countries. The company has started the development work on the SUV likely to hit the Indian roads in the coming 24-36 months.
It is reported that until then, HCIL will bank on its most successful sedans Amaze and City to drive volumes. The automaker on Wednesday launched the facelifted Amaze, priced between Rs 6.32 lakh and Rs 11.15 lakh ( Delhi ex-showroom prices).
Right now, the specifications of the vehicle as well and the timeline for launch, he expressed the probability that the SUV may later be utilized globally. In order to ensure product excitement, HCIL is planning to introduce the City Hybrid vehicle in 2022. The carmaker also expects to return to profitability this fiscal year.
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