Honda Jazz to cost 7 lakh

The Jazz, to be competed against Skoda Fabia, Tata Indigo, Ford Fussion, Maruti D'Zire and the soon to be launched Ritz, would come with a 1.2-liter engine made specifically for the Indian market to deliver high fuel efficiency.

The Honda Jazz is said to be more spacious than other premium hatchbacks, and has safety features like ABS, Honda's G-CON technology, and airbags.

The Jazz will be Honda's first product in the big-volume compact car segment, and is expected to witness modest sales, considering the price-sensitive nature of Indian market. Honda, however, seems to have factored this in, considering the statement of its president Masahiro Takedagawa, who said earlier, "Jazz will trail the City sedan in sales volumes."

The Jazz would share the platform and many components with Honda City, making it easier for Honda to source the inputs in bulk at competitive prices and keep localisation at over 70 per cent to start with. The City sedan costs Rs 7.8-9 lakh (ex-showroom Delhi) and sells around 4500-5000 cars in a month.