Japanese carmaker Honda Motor Co plans to double its market share in India within the next few years, the head of its local unit told Reuters, as it looks to boost its presence in the world's fifth-largest car market. To be a major player and have a meaningful presence, Honda needs to achieve a 10 percent market share, Yoichiro Ueno, managing director of the carmaker's India unit, told Reuters during the country's biennial auto show. Honda, which sells cars such as the City sedan and CR-V sport-utility vehicle in India, has seen its market share fall to about 5 ...
Auto Expo 2018: Honda Motor Co aims to double market share in India
One of the challenges for Honda is that lower taxes on small cars in India make them a preferred choice for buyers, and the carmaker has few small cars to offer