Times News Network     23 Feb 2009

New Delhi: Japanese car major Honda will continue to cut its India Output by over 45 percent for the nest six months in order to prevent inventory build up amidst the ongoing slow-down in the domestic market.

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The company, however, said its planned launch of hatchback Honda Jazz in the Indian market is on schedule. It is also mulling to increase the prices of its products.

"We have already adjusted our productions. Today our inventory level for India is quite appropriate - two weeks for our own hand and two weeks on dealer's side," Honda Siel Cars India president and CEO Masahiro Takedagawa said.

The company which is present in India trough a joint venture with the Siel Group, has cut its production to 200 cars a day in a single shift since the beginning of this year from the capacity of producing 380 units a day in two shifts, he added.