Honda Motor

Honda to launch 10 new models in India by 2030, targets higher market share

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 picks up minority stake in OMC Power

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 ..

Honda supplier hit hard as US-China trade war escalates across key sectors

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

Japan's troubled automaker Nissan banks on hybrid e-power technology

Money-losing Japanese automaker Nissan is banking on its latest e-Power technology for a turnaround. A kind of hybrid, e-Power comes equipped with both an electric motor and gasoline engine, much like the Toyota Motor Corp. Prius. It's different from a Prius in that it doesn't switch back and forth between the motor and engine during the drive. That means the car always is running on its EV battery, ensuring a quiet, smooth ride. Nissan has a proud history of pioneering innovative technology that set us apart, Chief Technology Officer Eiichi Akashi told reporters on the sidelines of a test drive at its Grandrive course outside Tokyo. The advantage of e-Power vehicles is that they never need to be charged like EVs do. The owner just fuels up at a gas station and the car never runs out of a charge. Nissan Motor Corp., which racked up a USD 4.5 billion loss for the fiscal year through March, sorely needs a hot-seller, especially in the lucrative North American market. But the US mark

Honda to expand bike output in India with new line at Gujarat plant

The new fourth line at HMSI's Vithalapur facility will add 650,000 units of capacity by 2027, making it Honda's largest motorcycle plant globally

Honda to come up with electric two-wheeler plant in India by 2028

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

Nissan prepares to replace CEO Uchida after Honda deal falls apart

Nissan directors are gauging interest in potential candidates to succeed Makoto Uchida, the 22-year company veteran who's been CEO since late 2019

Honda ready to revive takeover talks if Nissan CEO Uchida steps down

Nissan CEO Makoto Uchida has expressed his intention to stay until 2026, but is facing pressure to step down in coming months from board members and French partner Renault

Aim is cooperation with Nissan, not acquisition: Foxconn's Young Liu

The deal would have been the latest change in a car industry facing a huge threat from China's BYD and other electric vehicle entrants

Electric vehicles may be about 20% of Honda's wo-wheeler sales by 2030

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

Nissan Motor seeking new partners as deal with Honda set to collapse

The Japanese carmaker is looking for a partner that would ideally be from the technology sector and US-based

Announcement of direction of possible merger with Honda by mid-Feb: Nissan

The two Japanese automakers have been in talks to explore a merger by 2026, in a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers are posing

Honda Motors to boost investment in three Ohio auto plants by $300 mn

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

Honda Motor sets its sights on 50% share of world's motorcycle market

Honda's global motorcycle sales are forecast to reach 20.2 million for the fiscal year ending this March, the Japanese company said during a briefing Tuesday

Honda Motor cautious about new EV production ahead of Trump presidency

Honda will also be cautious about its battery plant plans in Canada, mindful of government regulations and EV market trends

Honda showcases US-made EV prototypes as it mulls slowing investments

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

Stylish new black edition of Honda Elevate SUV could be coming soon

A test mule of the Honda Elevate Black Edition has been spotted and the model is expected to be launched this month at the Bharat Mobility Global Expo 2025

Can the Honda-Nissan merger transform India's automotive landscape?

Mitsubishi, in which Nissan is the largest shareholder, is also part of the merger talks but will decide by the end of January

Honda, Nissan merger deal may be key in fight against China's BYD

Honda and Nissan are both having trouble contending with ascendant domestic automakers in China

Honda-Nissan's $6.4 bn merger: Big synergies, but is time on their side?

Honda has focused more on hybrids and unlike Nissan offers the models in the United States, where demand for the cars has surged