The company is also considering full-scale development ofa small car, possibly the next generation of its hatchbackBrio or Jazz in India, as it looks to cater to the specificneeds of the customers in the country.
"By the end of next fiscal, we will be expanding therange of vehicles...We'll also launch three new models, whichwill include Mobilio. With this we hope to expand our share,"Honda Motor India President and CEO Yoshiyuki Matsumoto toldreporters here at the Tokyo Motor Show.
Commenting on the company's market share, he said: "Webelieve, India is globally one of fastest growing market. InApril, we launched Amaze and it resulted in major change ofour market share. Last year, our market share was 2-3 percent, this year it is getting close to 4-5 per cent range."
In the coming three years through the models that thecompany will launch, it is aiming to sell 3,00,000 units inIndia, he added.
When asked if Honda planned to develop cars in India,Matsumoto said: "...developing small car fully in India, let'ssay may be next Brio series or next Jazz, that is somethingthat is being considered.
"We want to identify needs that will be specific toIndia, find out what kind of product and services willdelight and satisfy our customers. We need to do researches onhow to keep retail prices down."
Elaborating on the need to meet demands of the Indiancustomers, he said: "In India, cars which have three row andSUV types of cars are growing. At the same time the price hasto be kept in the affordable range. That is theunderstanding."