Present in India through its wholly-owned arm - Honda Cars India, the company had posted a sales growth of 40.73 per cent in domestic market in 2014-15 at 1,89,062 units as against 1,34,339 units in the previous fiscal.

"We are eyeing double digit sales growth this fiscal. We are very confident of Jazz doing well here," Honda Cars India Ltd (HCIL)senior vice president (Marketing and Sales) Jnaneswar Sen said, adding that apart from Jazz, the company currently has no plans to launch any other model in the domestic market in the ongoing financial year.

The next product launch from the company's stable is slated during the first half of next year. "We plan to launch Accord in the first half of next year. So Jazz is the only launch slated for this fiscal," Sen said.

The premium hatchback segment is currently dominated by Maruti Suzuki's Swift and Hyundai Motor India' Elite i20. The new Jazz is being manufactured at HCIL's Tapukara plant where it is investing Rs 380 crore to expand production capacity to 1.80 lakh units annually from 1.20 lakh units.

The car would be offered with petrol and diesel engines. The petrol variants, including the automatic version, would sport 1.2 litre mill. The 1.5 litre diesel engine, which powers the Amaze, Mobilio and City, would also be used on the new Jazz.

India is the first country where the Jazz would be offered with a diesel powertrain. Honda Cars India officials confirmed that there is no plan to introduce a diesel Jazz anywhere in the world apart from India.

Sen added that the company has tried to enhance localisation content in the new Jazz as compared to the previous edition. In India, the Jazz was first launched in 2009 with a price tag of over Rs 7 lakh which was later slashed by Rs 1.6 lakh. In 2013, the company stopped production of the car in the country.

Honda has sold over 55 lakh units of previous generation models of Jazz across the world, including the US and Japan. The vehicle is produced at 11 locations globally and sold in 75 countries.