After showcasing a model that would inspire a small car, Honda has unveiled its small car and named it the Brio. According to industry sources, the Brio is a compact hatchback roughly the same size as Maruti A-Star or Nissan Micra. Sources add that the car would be launched in India in mid-20ll, and with a competitive price tag of under rupees five lakh. The car, being developed for Thai and Indian markets primarily, is expected to have small differences when it comes to serving the respective markets. In India, industry sources feel that the Brio will flaunt high level of localisation (up to 80%) to start with. And this would most likely come from the experience the company has gained from localizing its two wheeler range. In India, the company's passenger car business, produces the Jazz, City and Accord at a facility at Greater Noida near Delhi. The CR-V compact SUV is sold as a CBU. In Geater Noida the facility has an installed capacity of one lakh units. The newer and second facility of the company is located at Tapukara in Rajasthan. Having an installed capacity of 60,000 units per annum, this facility has seen the company invest Rs 1,200 crore (Rs 12 billion). The Brio is expected to be made at Tapukara.