Japanese carmaker Honda has stopped selling its multi purpose vehicle (MPV) Mobilio in India due to poor demand and it will decide within the next two months whether to bring a new version of the model or not.
Honda Cars India, the company's wholly-owned-subsidiary, has stopped manufacturing the vehicle and exhausted the stocks.
Last month it did not sell even a single unit of the MPV.
"There are new safety regulations coming from this year. The current Mobilio does not conform to regulations. So in order to continue to sell the vehicle we need to put in lot of investment or modification of the model," Honda Cars India President and CEO Yoichiro Ueno told
The sales volume of the vehicle is also not large so the company is now studying as how much investment is necessary to make it compliant with the norms, he added.
Launched in July 2014 in India, Honda had sold a total of 40,789 units of the Mobilio in the country.
The company is now evaluating whether to launch new version of the vehicle, which is already available in Indonesia, to India or not.
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