Japanese car giant Honda today launched its much-awaited hatchback Jazz in India, priced between

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Rs 6.98 lakh and Rs 7.33 lakh (ex-showroom, Delhi).

The launch of Jazz, with a 1.2 litre petrol engine, in the country marks Honda Siel Cars India's -- the joint venture between Honda Motor Corp and Siel Group -- entry into the most competitive and volume-driven small-car segment in India.

"The Honda Jazz is a segment-defining car and is loaded with all the values that are associated with Honda. The car will cater to the unique group of the people who want the latest and most stylish models with the best technology," Honda Siel Cars India (HSCI) President and CEO Masahiro Takedagawa told reporters here.

The company said Jazz, with a Euro-IV compatible engine, would give a mileage of 16.1 km per litre as per ARAI standards.

Jazz would initially be produced at HSCI's Greater Noida facility and had planned to shift it later to its under-construction plant at Tapukara in Rajasthan.

The company had announced Rs 1,000-crore investment for constructing its second plant at Tapukara. However, the company has put on hold the construction work indefinitely due to slowdown in demand.