Honda bringing New A-segment car in India

Honda Siel Cars India Ltd. has decided to come in the market of small car segment all through out the country. From the company officials it is believed and expected that the new model will be positioned below Jazz. It is expected that this new model will be produced from the company's plant which is located in Rajasthan. Moreover it is expected that the new model is somewhat similar to Hyundai i10 or somewhat like Maruti A-Star. With the building of this car model the company is expecting to reduce the import of various models. Some of the comapny officials are believing that by the end of 2011 the Honda group of companies would be a big ht the small car segment.
Moreover the Honda group of companies has also decided to cancel the plans of organising Formula One Championship and it has also come to the notice that it will going to cancell its NSX project all because of the presently running credit problems. Moreover it has come to the notice that the sales of the comapny has risen to a great amount.