Six new Honda models to be launched in India in 3 yrs

The company, however, said there will not be any hybrid or electric vehicle models in the upcoming line up,as it awaits clarity on government policy regarding electric mobility

Honda
<a href="http://www.shutterstock.com/gallery-931246p1.html?cr=00&pl=edit-00">Ken Wolter</a> / <a href="http://www.shutterstock.com/editorial?cr=00&pl=edit-00">Shutterstock.com</a>
Press Trust of India Tokyo
Last Updated : Oct 26 2017 | 12:12 PM IST
Japanese auto major Honda Motor Co today said it will launch six new models in India in the next three years to enhance its position in the market there.

The company, however, said there will not be any hybrid or electric vehicle models in the upcoming line up,as it awaits clarity on government policy regarding electric mobility.

"We have six big launches coming up in the next three years in India ... It will not include any battery vehicles," Honda Motor Co CEO Takahiro Hachigo told group of visiting Indian journalists here.

Also Read

All these new models will be assembled at the company's two plants in India but did not divulge details of segments where these models would be present.

When asked about the absence of hybrids from the line up,he said, "When it comes to India we still don't know if hybrids segment will grow or how the electric vehicles will grow.We need to study government policy to understand more."

The advantages of hybrids, however, is that they can use existing infrastructure,Hachigo added.

After the implementation of GST in July this year, hybrids vehicles have become expensive in India as the tax incidence increased as compared to previous taxation regime.

Hachigo said that Honda's endeavour would be to make hybrids affordable for customers rather than worrying about government support.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 26 2017 | 12:12 PM IST

Next Story