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However, he refused to give a time-frame for the launch and said the company has already started working on that. Also Read - Honda City ZX MT Petrol Variant Launched in India; Price Starting From Rs 12.75 Lakh

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Asked about plans to launch sub Rs 4 lakh car, he said there were no plans as such to produce smaller size or lesser priced car than the Brio.

On the recently launched Mobilio, Sen said there has been an excellent response for the seven-seater launched just two months ago, with 20,000 bookings.

The company witnessed 88 per cent growth last year, he said, adding that in the first five months of this fiscal, the growth stood at 49 per cent and expected to sustain it.

To another question on the impact of deregulation of diesel prices, Sen said the demand for 80 per cent for diesel variants for cars has now come down to 50 per cent. However, there would not be much impact, as diesel variants give more mileage.

“We will adopt the strategy, considering the market requirements,” Sen said.