Honda has no plans to launch a car under ₹5 lakh in India
Japanese carmaker Honda has no plans to launch a car costing under ₹5 lakh in India, Honda India's President and CEO Yoichiro Ueno said. "Maybe it is not our market. We are talking about a couple of years. In the long term...we might consider," he added. Notably, sub-₹5 lakh segment accounts for nearly 50% of passenger vehicles sold in India.