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Honda Cars India Ltd bullish on ‘double digit’ growth in fiscal 2014-15

Snapshot: The Japanese carmaker is banking high on its upcoming blockbuster products - the Mobilio MPV & the Jazz hatchback.

Honda Cars India Ltd is betting high on its upcoming products in the country - the Mobilio MPV and the new Jazz - to deliver a “good double digit” growth in the current financial year 2014-15. In the 2013-14 fiscal, the Japanese carmaker sold 1.3 lakh units, which translates to a growth of a massive 83 per cent. The company is hoping to take this number to 3 lakh units per annum by 2017.

Especially designed for emerging market in Asia, the Mobilio features sporty styling on the outside, while retaining a comfortable cabin on the inside with a seating capacity of seven. The Mobilio MPV is the third model that has been derived from the popular Brio platform, after the Brio hatchback and the Amaze sedan. Under the hood, we expect to see a 1.2-litre petrol unit and a 1.5-litre diesel powerplant that currently serves the Honda Amaze. Both engines will be mated to a 5-Speed manual gearbox. We also hope to see an automatic gearbox thrown in the mix.

The Honda Jazz on the other hand, made its debut in India back in 2009 - with only the 1.2-litre i-VTEC petrol engine on the offer. It did well in terms of sales in the first year. However, this was the time when petrol prices started shooting upwards and consumers, quickly started shying away from most petrol-powered cars. Things took a turn for the worse in the Indian auto industry, and Honda was compelled to pull the plug on the Jazz hatchback. Now however, as the industry is looking to bounce back, so is the Japanese carmaker with the all-new re-designed Jazz hatchback - and this time, with a diesel engine on offer. 

The hugely awaited Honda Mobilio MPV is expected to debut sometime in July, while the Jazz hatchback is slated to make its comeback post Diwali. Both models are expected to smash some serious sales records in India. 

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