Japanese carmaker Honda plans to introduce three new models by the 2026-27 fiscal in India as it looks to tap growth opportunities in the robustly growing SUV segment, according to a top company executive. The company, which is present in India through a wholly-owned subsidiary, currently sells just one SUV model — Elevate — in the market with the other two products being Amaze and City sedans.
“We plan to introduce three new models, with hybrid and electric powertrains by the 2026-27 fiscal thus expanding the company’s presence in the SUV segment,” Honda Cars India President and CEO Takuya Tsumura said. The new models would encompass both hybrid and battery electric powertrains, he added.
The Sports Utility Vehicle (SUV) segment now accounts for over 50 per cent of sales in close to 40 lakh domestic passenger vehicle segments. Tsumura noted the carmaker continues to develop models, like hybrid and battery electric vehicles, that suit the Indian market.
Honda on Wednesday introduced the third generation of its compact sedan Amaze, priced between Rs 7.99 lakh and Rs 10.89 lakh (ex-showroom). “We are confident that this new Amaze will set new standards and continue to strengthen Honda’s legacy in India,” Tsumura said.
Honda has sold 5.8 lakh units of the Amaze so far in the country. The first generation of the model was introduced in 2013 while the second generation made its debut in 2018.
When asked about sales expectations for next year, Tsumura noted that the automaker is expecting certain growth to accrue with the new Amaze playing a significant role in it.
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