Business Standard

Honda Motor Co

Japan's Honda raises electrification investment to $65 bn through FY30

The company, a relative latecomer to electric vehicles, first had to ensure it could reliably procure batteries and achieve cost cuts

Japan's Honda raises electrification investment to $65 bn through FY30
Updated On : 16 May 2024 | 2:35 PM IST

Honda to scale down production, cut China workforce with voluntary layoffs

Honda's move marks the latest setback for Japan's legacy car brands in China, where the growing dominance of local players such as BYD and a brutal price war are causing them to lose market share

Honda to scale down production, cut China workforce with voluntary layoffs
Updated On : 15 May 2024 | 10:49 AM IST

Honda Motors sees full-year profit rising 2.8%, after it exceeded estimates

Japan's second-largest automaker by volume forecast full-year operating profit would rise to 1.42 trillion yen compared with an average profit estimate of 1.39 trillion yen

Honda Motors sees full-year profit rising 2.8%, after it exceeded estimates
Updated On : 10 May 2024 | 1:42 PM IST

Honda Motors commences work for new warehouse facility in Karnataka

Japanese firm Honda on Monday said it has commenced work for a spare parts warehouse facility in Doddaballapura near Bengaluru, Karnataka. Managed by Honda Cars India, the new facility will support the spare parts operations for all Honda businesses, including Honda Cars India, Honda Motorcycle & Scooter India, and Honda India Power Products, the company said in a statement. The upcoming facility, which will be operational by the first quarter of FY26, will play an important role in the faster availability of spare parts at Honda dealerships, it added. "This is in line with our commitment towards our customers for providing timely and quicker availability of spare parts for their Honda products," Honda Cars India President and CEO Takuya Tsumura stated. The new facility will not only enhance spare parts accessibility in the southern region of the country but also pave the way for future requirements amid rapid electrification, he added. The development project of the facility will

Honda Motors commences work for new warehouse facility in Karnataka
Updated On : 15 Apr 2024 | 2:39 PM IST

Honda Cars India names Ryuto Shimzu as new director of marketing-sales

Honda Cars India on Thursday said it has appointed Ryuto Shimizu as the company's new Director (Marketing & Sales). He replaces Yuichi Murata who has moved to Honda Mexico as President. Shimizu has been associated with Honda for over 25 years and has worked across several international markets during the span of his career including Japan, China and Thailand, the automaker said in a statement. He has worked across the domain of marketing & sales including product planning, overseas operations, and business planning, among others, it added. Prior to joining Honda Cars India, he was in-charge of the Business Planning Office at Honda Automobile (Thailand) Co Ltd from 2021-2023.

Honda Cars India names Ryuto Shimzu as new director of marketing-sales
Updated On : 04 Apr 2024 | 2:55 PM IST

Nissan considering business partnership with Honda to make key EV parts

Nissan is considering partnering with Honda on key EV parts, as well 'kei car' - boxy vehicles that are smaller and less powerful than regular cars, primarily made for the domestic market

Nissan considering business partnership with Honda to make key EV parts
Updated On : 15 Mar 2024 | 12:56 PM IST

Honda Cars India wholesales increase 24% to 8,730 units in November

Honda Cars India on Friday reported a 24 per cent increase in wholesales to 8,730 units in the domestic market in November. The company had dispatched 7,051 units in the domestic market in November 2022, Honda Cars India Ltd (HCIL) said in a statement. Exports grew by over four-fold at 3,161 units last month as against 726 units in the year-ago period, it added. "Our product line-up saw a good surge in demand throughout the festive period. Our new SUV Elevate has been well received by the market with very high customer consideration," HCIL Director (Marketing and Sales) Yuichi Murata stated. The automaker is confident of carrying forward this growth momentum for the rest of the year, he added.

Honda Cars India wholesales increase 24% to 8,730 units in November
Updated On : 01 Dec 2023 | 7:49 PM IST

India key mkt, will continue investments, accelerate electrification: Honda

Japanese auto major Honda Motor Co Ltd will continue to invest in India, a key market for its future growth strategy while also accelerating electrification of vehicles in line with its global plans to achieve carbon neutrality by 2050, according to top company officials. At the global level, Honda is open for alliances and collaboration with other firms if it offers a "win-win" situation in the wake of new development in the mobility sector, Honda Motor President and CEO Toshihiro Mibe told visiting Indian journalists at the company's headquarters here in an interaction. "Our strategy is to achieve carbon neutrality by 2050. To achieve that, we have milestones set for 2030-35 and 2040...For Honda, the Indian market is a big market and it is the market where electrification is rapidly progressing for both cars and two-wheelers," he said. Underlining the significance of India, Asian Honda Motor Co President & CEO and Head of Regional Operations (Asia & Oceania) Toshio Kuwahara

India key mkt, will continue investments, accelerate electrification: Honda
Updated On : 29 Oct 2023 | 8:56 PM IST

Honda begins production of mid-size SUV Elevate; to go on sale in September

The sale for Honda Elevate is scheduled to begin in September 2023 along with the deliveries. Pre-launch bookings for the car have already begun

Honda begins production of mid-size SUV Elevate; to go on sale in September
Updated On : 31 Jul 2023 | 5:01 PM IST

With Kia Seltos facelift in sight, dealers offer discounts to clear stock

To woo customers, dealerships are also offering additional accessories such as floor mats and decorative parts like chrome elements free of cost

With Kia Seltos facelift in sight, dealers offer discounts to clear stock
Updated On : 23 Jun 2023 | 11:57 AM IST

Honda Elevate launch: Check prices, design, specifications, pictures

The Elevate measures 4312 mm in length, suggesting generous cabin space for passengers

Honda Elevate launch: Check prices, design, specifications, pictures
Updated On : 06 Jun 2023 | 1:58 PM IST

Honda to unveil its midsize SUV Elevate on June 6: Glimpses inside

Honda will place the Elevate in the fiercely competitive midsize SUV segment that has established players like Hyundai Creta and Kia Seltos

Honda to unveil its midsize SUV Elevate on June 6: Glimpses inside
Updated On : 17 May 2023 | 11:41 AM IST

Honda's latest midsize SUV to be launched on June 6; check features, price

At a time when the Indian market is fraught with SUVs in all shapes and designs, at this point, Honda does not have an SUV to offer

Honda's latest midsize SUV to be launched on June 6; check features, price
Updated On : 02 May 2023 | 1:43 PM IST

As VW prepares to launch ID.4 in India, a look at world's best-selling EVs

The electric crossover was unveiled globally in 2021. It was also a part of the 2020 Auto Expo

As VW prepares to launch ID.4 in India, a look at world's best-selling EVs
Updated On : 19 Apr 2023 | 4:19 PM IST

Honda Cars reports 15% decline in sales at 6,086 units in February

Honda Cars India on Wednesday reported a 15 per cent year on year dip in sales in the domestic market at 6,086 units in February. The company had sold 7,187 units in the domestic market in February 2022, Honda Cars India Ltd (HCIL) said in a statement. Exports declined to 973 units last month as compared with 2,337 units in the year-ago period, it added. "Our sales performance in the month of Feb'23 has been as per our plan towards seamless transition of our models to new emission norms," Honda Cars India Director Marketing and Sales Yuichi Murata said. The company is currently gearing up for the launch of the new City, he added. "We are confident that it will generate new excitement and appealing options for customers," Murata noted.

Honda Cars reports 15% decline in sales at 6,086 units in February
Updated On : 01 Mar 2023 | 11:01 PM IST

Honda to cut car output by 40% at two Japanese plants in October

Honda Motor Co said on Thursday it would reduce car output by up to 40% at two Japanese plants for the rest of October from its earlier plans

Honda to cut car output by 40% at two Japanese plants in October
Updated On : 06 Oct 2022 | 3:45 PM IST

Honda to discontinue Jazz, WR-V and 4th generation City in Indian market

Japanese carmaker Honda plans to discontinue its three models -- Jazz, WR-V and fourth generation City -- in India by March next year, according to industry sources. The company, which is present in the country through a wholly-owned subsidiary Honda Cars India, will be left with only three models in its line up -- City Hybrid, fifth generation City and entry-level sedan Amaze -- after it discontinues the three brands. In December 2020, the company had stopped the production of Civic and CR-V with the closure of its Greater Noida plant as it struggled to strengthen foothold in the Indian market. Sources said the three models were being phased out as the company prepares to launch SUV models in the market. When contacted over the issue, a Honda Cars India spokesperson said: "The company cannot comment on the market speculations." Earlier this year, the automaker had announced that it plans to launch an SUV in the country next year. The company is currently in the process of develo

Honda to discontinue Jazz, WR-V and 4th generation City in Indian market
Updated On : 28 Jul 2022 | 8:55 PM IST

Japanese automaker Honda to launch new SUV in India next year

Last year the automaker had confirmed that it was in the process of developing an India specific SUV

Japanese automaker Honda to launch new SUV in India next year
Updated On : 14 Apr 2022 | 10:27 PM IST

General Motors, Honda plan to co-develop affordable electric vehicles

General Motors and Honda are planning to co-develop some affordable electric vehicles that will use next-generation Ultium battery technology, it said on Tuesday

General Motors, Honda plan to co-develop affordable electric vehicles
Updated On : 06 Apr 2022 | 1:32 AM IST

EV startup Rivian could be worth nearly as much as Honda in U.S. IPO

The startup is looking to raise up to $8.4 billion, setting it up to be the third-largest initial public offering (IPO) by funds raised in the past decade in the United States.

EV startup Rivian could be worth nearly as much as Honda in U.S. IPO
Updated On : 02 Nov 2021 | 10:08 AM IST