In October 1996, the M grade was added which positioned between the lower S grade and the higher L grade, and the base B grade was discontinued. In January 1996, the top-of-the-line Exclusive model has been added. The Japanese market Odyssey was initially available in B, S and L grade levels.

In October 1997, the 200 PS (147 kW 197 hp) V6 engine became an option in the domestic market. This was replaced by a slightly larger 2.3-litre version offering 150 PS (110 kW 148 hp) in August 1997. The original 2.2-litre engine produces 130 PS (96 kW 128 hp). European sales were hampered by the absences of both a manual transmission as well as a diesel engine option. In its home market, the Odyssey competed with the Toyota Gaia, Toyota Ipsum and the Nissan Presage. In 1995, it won the Automotive Researchers' and Journalists' Conference Car of the Year award in Japan. Since the first generation all the models have been six- or seven-seater versions. All the JDM Odysseys had a dual air conditioning system, separate for the front and rear seat rows. L and Aero models were equipped with a sunroof. Based on the fifth-generation Accord sedan, it was offered with an optional 4WD (with RA2 and RA4 chassis), and from 1997 with a 3.0-litre V6 J30A engine with the RA5 chassis code (front-wheel drive only). The first-generation Odyssey was a raised wagon from Honda that was launched in Japan and North America in 1994. Honda also offered the larger North American Odyssey in Japan as the Honda LaGreat between 19. Since model year 1999, Honda has marketed a larger (large MPV-class) Odyssey in North America and a smaller Odyssey in Japan and other markets. Subsequent generations diverged to reflect market variations, and Honda built a plant in Lincoln, Alabama, incorporating the ability to manufacture larger models. The first generation Odyssey was marketed in Europe as the Honda Shuttle. The result was a smaller minivan, in the compact MPV class, that was well received in the Japanese domestic market but less well received in North America. The Odyssey had originally been conceived and engineered in Japan, in the wake of the country's economic crisis of the 1990s – which in turn imposed severe constraints on the vehicle's size and overall concept, dictating the minivan's manufacture in an existing facility with minimal modification. The Honda Odyssey ( Japanese: ホンダ・オデッセイ, Hepburn: Honda Odessei ) is a minivan manufactured by Japanese automaker Honda since 1994, marketed in most of the world and currently in its fifth-generation. Fifth-generation Honda Odyssey second facelift

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