There is a possibility of Honda’s New Small Concept coming to our region after all! Set for a world debut at the upcoming India Auto Expo, the New Small Concept will be a low cost A-segment car for Honda to penetrate the booming Indian small car segment. But according to The Financial Express, which quotes a source with direct knowledge of the development, the new Honda will also be developed and made in Thailand.

Which means that there’s a possibility of it being exported to Malaysia. “Recently, Honda had hired around 30 engineers for its research and development team at Greater Noida (Honda Siel India’s base). The team will work closely with the R&D team in Bangkok to develop the small car and also focus on bringing down the production cost of this car by optimising component costs,” read the report.

The same source also revealed that the small Honda will come with a 1.2-litre engine and will be priced around Rs 4-4.5 lakh (about USD 8500 to 9600). It will hit the Indian market in 2011. Honda’s current smallest car in India is the Jazz, which is priced from Rs 7 lakh (USD 15,000).