Explore Business Standard
Honda Cars India
Two-wheeler market leader Hero MotoCorp on Monday said it will increase prices of its motorcycles and scooters by up to Rs 2,000 from January. The price increase will be across range of two-wheelers and exact quantum of the hike will vary on the basis of model and specific market, Hero MotoCorp said in a statement. It, however, did not specify reasons for the plan to hike prices. The company currently sells a range of motorcycles and scooters priced between Rs 39,900 to Rs 1.05 lakh. Last week the country's largest car maker Maruti Suzuki India had announced that would hike prices of its vehicles from January to offset rising input costs. Other car manufacturers such as Toyota, Mahindra & Mahindra and Mercedes-Benz said they were also contemplating a similar move. Hyundai Motor India and Honda Cars India, however, said they would not increase vehicle prices in January, but their products will see rise in prices when BS-VI compliant models are introduced in the market.
Honda Cars India said Sunday it has crossed 15 lakh cumulative sales milestone in the country since launching its first product in India in January 1998. The company, which currently sells eight models in the country including popular sedans City and Amaze,crossed the first five lakh sales milestone in the country in March 2012, taking 14 years and 3 months. Honda took another three years and seven months to sell another five lakh units to breach 10 lakh cumulative sales mark in October, 2015. The latest five lakh units for the company, taking its total sales past 15 lakh mark, came in just 34 months. "The success in the Indian market is strongly associated with Honda's advanced design and technology, reliability, durability and fuel-efficiency that characterises our DNA," Honda Cars India Ltd (HCIL) Senior Vice President & Director Rajesh Goel said in a statement. The company would like to reiterate its commitment to all customers in India offering them the best of technology, ..
Car manufacturer Honda Cars India Ltd, which has posted a growth of around 17 per cent in sales during the first seven months of the fiscal year, is expecting a similar rate of growth in volume for the current fiscal year. The company is planning six launches in next three years, said Jnaneswar Sen, senior vice president, marketing and sales, Honda Cars India.The company has posted a cumulative growth of 17 per cent from April to October 2017, selling 105,503 units as compared to 90,422 units sold during the corresponding period of previous year. The growth was led by two models launched in the year 2017 - the new Honda City and Honda WR-V."We are expecting to retain the same growth for the whole year," said Sen. During the last fiscal, the company has sold around 1,57,000 units in India.During the period, the Indian arm of the Japanese major has also become the largest market for the company in Asia Oceania business region, which excludes China and Japan. The company is looking at ...