After a long spawn of time, the largest player in the mid-size cars, Honda Siel Cars India (HSCI) is ready to enter the small car market segment with its latest model Jazz. The new car would be powered by 1.2 litre engine which is developed for Indian car market. This 1.2 litre engine makes Jazz most fuel-efficient car in its segment. Most Probably, Jazz may be launched in the month of June which would cost you around Rs. 5.5 lakh. The new Honda Jazz will be most expensive car in its segment in comparison of Skoda Fabia, Tata Indigo, Ford Fusion and Hyundai Accent. The car will also pit with new to be launched Maruti Ritz which will be launched in the month of may. Jazz will equipped with all the features found in a premium large car. The car have roomy interior as it offers more legroom and headroom space which is introduced in Jazz. As the car is powered by special designed engine due to which launching of the car has been delayed by one year. The new honda Jazz is based on Honda's City platform and uses new v-tec technology for high fuel efficiency, which is already used in the Honda City engine. Jazz will have more option for navigation system, entertainment, sporty tyres and other gizmos at the dealer level. It will be launched with manual transmission and will be studded with an automatic transmission later. The company has other future plans to launch Jazz's diesel variant later.