Honda Motor Co

Honda reported Friday that its profit for the first fiscal half through September fell 37 per cent from the previous year, as the damage from President Donald Trump's tariffs offset the lift from solid motorcycle sales. Tokyo-based Honda Motor Co. recorded a 311.8 billion yen (USD2 billion) profit for April-September, down from 494.6 billion yen a year before. Sales over the six months totalled 10.6 trillion yen (USD 69 billion), down 1.5 per cent from nearly 10.8 trillion yen. Honda lowered its profit projection for the fiscal year through March 2026 to 300 billion yen (USD 2 billion), which would be a decline of 64 per cent from 835.8 billion yen the year before. It had earlier forecast a 420 billion yen (USD 2.7 billion) annual profit. Honda, which makes the Accord sedan and Odyssey minivan, said an unfavourable currency rate also hurt its bottom line, erasing 116 billion yen (USD 756 million) from its operating profit over the six months. But Honda achieved record sales in ...

Japanese auto major Honda will launch ten new models, including seven SUVs, in the Indian market by 2030 as it aims to bolster sales and enhance market share in the robustly growing Indian passenger vehicle market, according to a top company executive. Terming India as a top priority market for future growth along with the US and Japan, the Tokyo-headquartered automaker plans to drive in both global premium products and locally produced models to cater to the Indian passenger vehicle market which is expected to touch 60 lakh units annual mark by 2030 from around 43 lakh units currently. In an interaction here, Honda Motor Co., Ltd. Director, President and Representative Toshihiro Mibe said the automaker is finalising strategies for the Indian market amid changes in the global markets with the emergence of Chinese OEMs. Even Honda is impacted by this trend and in this kind of situation the company considers North America, Japan, and India as its growth markets. "India is going to be

Japanese auto major Honda Motor Co Ltd has picked up a minority stake, in the range of 5-10 per cent, in homegrown OMC Power, which is in the process of building up 1 gigawatt (GW) renewable energy portfolio in India, according to industry sources. The investment has come at a time when OMC Power is entering into a new business vertical where the company will deploy electric vehicle (EV) batteries as battery energy storage system (BESS) solution, and re-purpose the old EV batteries to support with UPS (uninterrupted power supply) like the inverters or some similar kind of applications. As per industry sources, Honda Motor is learnt to have picked up a stake of 5-10 per cent in OMC Power and may increase its share in the future. In an interaction, OMC Power MD & CEO Rohit Chandra said both companies had been in talks for over 4 years to work out a business collaboration. It is the result of research and development, market studies, feasibility studies, and customer trials, all of ..

For Daido Steel, the trade war has triggered a renewed effort to develop rare earth supply chains beyond China, which controls 70% of mining and 90% of global refining of these critical metals

Company to also focus on capturing growing demand for hybrids with new models

Honda's profit for the fiscal year through March slipped 24.5 per cent from the previous year, as its vehicle sales in China dropped, and the Japanese automaker warned Tuesday that President Donald Trump's tariffs will worsen its earnings. Tokyo-based Honda Motor Co, which dropped talks to integrate its business with Japanese rival Nissan Motor Corp earlier this year, said its annual profit totaled 835.8 billion Yen (USD 5.6 billion), down from 1.1 trillion Yen in the previous fiscal year. Annual sales edged up 6.2 per cent to nearly 21.69 trillion Yen (USD 147 billion). Research and development costs hurt, despite Honda's record global motorcycle sales for the fiscal year, which topped 21 million motorcycles. Hybrid vehicle sales also did well, especially in the US, and Honda's profitability per vehicle was also improving, according to the maker of the Accord sedan and CR-V sports-utility vehicle. Executive Vice President Noriya Kaihara acknowledged that Trump's tariffs were like

Takashi Nakajima will succeed Takuya Tsumura, who will return to Japan to join Honda's headquarters after completing his three-year tenure in India

Nissan, Japan's third-largest automaker, backed out of $60 billion merger talks with larger rival Honda after negotiations were complicated by growing differences

HMSI launched swappable battery-run Activa E and fixed battery-run QC1 in November. It is starting deliveries of these two products from this month itself

Honda Cars India on Thursday said it has achieved E20 petrol compliance certification for all the models it sells in the country. The company has achieved compliance for the Elevate, City e:HEV, City, and Amaze models. The achievement highlights Honda's commitment to sustainable mobility and supporting India's transition to greener and cleaner transportation, the automaker said in a statement. The company has embraced E20 petrol since 2009, and all Honda cars manufactured in India from January 1, 2009, are compatible with E20 materials, the company stated. Customers can freely use the E20 petrol in their existing Honda cars without durability concerns or the need to change any part in the car, the automaker said. "The latest compliance certification for all our current models ahead of the pan India E20 fuel introduction aligns with the Government of India's goal to implement greener fuels," Honda Cars India Vice President (Marketing & Sales) Kunal Behl said. The Government of ...

Japanese automaker in 2022 had announced plans to invest $700 million in three plants but is now lifting that to $1 billion, said Jennifer Thomas, a senior vice president at Honda's US unit

Nissan has pledged to cut 9,000 jobs globally and reduce production capacity by 20 per cent

The two models - a sedan and and SUV - will be built at Honda's plant in Ohio and sold in the US starting early next year

Honda is considering several options including a merger, capital tie-up or the establishment of a holding company, Executive Vice President Shinji Aoyama said

The automobile industry's rapid transition toward EVs and fierce competition in China have hurt sales and earnings of foreign automakers, including Japanese, American and German

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

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

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

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 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.