Honda has no plans to chase Tata Nano.

• According to the major Japanese auto giant car manufacturer Honda India and China are the promising automobile market for cars.
• According to Honda, the market would improve only on introduction of the small cars.
• Honda also confirmed that they woild not be intereated in manufacturing low cost madel of cars like Tata Nano which is already chased by auto makers like Hyundai, Renault Nissan alliance and GM.
  

Toyota range iQ mini car extended with 98bhp 1.33 Dual VVT-I Engine.

• Toyota has unveiled a more powerful version of their iQ mini car. The new car features a 1.33 litre dual VVT-i engine that produces 98bhp and 125Nm of torque. Despite the loaded power the iQ is still a slow spoke as 0-62kmph it takes 11.6 seconds with the CVT.If you have all day, you might even be able to reach the iQ's top speed of 106 mph.
• While it's not fast, it's frugal. Thanks to the iQ's stop & start system, the manual iQ gets 58.9 mpg while the Multidrive CVT version returns 55.4 mpg.
• Standard equipment includes 16-inch alloy wheels, chrome-finished exterior mirror housings, climate control, and a six-speaker sound system. If that sounds a little basic for your tastes, options include additional chrome trim, rear parking sensors, a sporty body kit, leather seat upholstery, and a navigation system with Bluetooth connectivity.
• Priced from £11,495 (£12,495 for the CVT), the new iQ3 is on sale now.