Page 2 - Honda Motor Co

Nissan considering business partnership with Honda to make key EV parts

Nissan is considering partnering with Honda on key EV parts, as well 'kei car' - boxy vehicles that are smaller and less powerful than regular cars, primarily made for the domestic market

Honda Cars India wholesales increase 24% to 8,730 units in November

Honda Cars India on Friday reported a 24 per cent increase in wholesales to 8,730 units in the domestic market in November. The company had dispatched 7,051 units in the domestic market in November 2022, Honda Cars India Ltd (HCIL) said in a statement. Exports grew by over four-fold at 3,161 units last month as against 726 units in the year-ago period, it added. "Our product line-up saw a good surge in demand throughout the festive period. Our new SUV Elevate has been well received by the market with very high customer consideration," HCIL Director (Marketing and Sales) Yuichi Murata stated. The automaker is confident of carrying forward this growth momentum for the rest of the year, he added.

India key mkt, will continue investments, accelerate electrification: Honda

Japanese auto major Honda Motor Co Ltd will continue to invest in India, a key market for its future growth strategy while also accelerating electrification of vehicles in line with its global plans to achieve carbon neutrality by 2050, according to top company officials. At the global level, Honda is open for alliances and collaboration with other firms if it offers a "win-win" situation in the wake of new development in the mobility sector, Honda Motor President and CEO Toshihiro Mibe told visiting Indian journalists at the company's headquarters here in an interaction. "Our strategy is to achieve carbon neutrality by 2050. To achieve that, we have milestones set for 2030-35 and 2040...For Honda, the Indian market is a big market and it is the market where electrification is rapidly progressing for both cars and two-wheelers," he said. Underlining the significance of India, Asian Honda Motor Co President & CEO and Head of Regional Operations (Asia & Oceania) Toshio Kuwahara

Honda begins production of mid-size SUV Elevate; to go on sale in September

The sale for Honda Elevate is scheduled to begin in September 2023 along with the deliveries. Pre-launch bookings for the car have already begun

With Kia Seltos facelift in sight, dealers offer discounts to clear stock

To woo customers, dealerships are also offering additional accessories such as floor mats and decorative parts like chrome elements free of cost

Honda Elevate launch: Check prices, design, specifications, pictures

The Elevate measures 4312 mm in length, suggesting generous cabin space for passengers

Honda to unveil its midsize SUV Elevate on June 6: Glimpses inside

Honda will place the Elevate in the fiercely competitive midsize SUV segment that has established players like Hyundai Creta and Kia Seltos

Honda's latest midsize SUV to be launched on June 6; check features, price

At a time when the Indian market is fraught with SUVs in all shapes and designs, at this point, Honda does not have an SUV to offer

As VW prepares to launch ID.4 in India, a look at world's best-selling EVs

The electric crossover was unveiled globally in 2021. It was also a part of the 2020 Auto Expo

Honda Cars reports 15% decline in sales at 6,086 units in February

Honda Cars India on Wednesday reported a 15 per cent year on year dip in sales in the domestic market at 6,086 units in February. The company had sold 7,187 units in the domestic market in February 2022, Honda Cars India Ltd (HCIL) said in a statement. Exports declined to 973 units last month as compared with 2,337 units in the year-ago period, it added. "Our sales performance in the month of Feb'23 has been as per our plan towards seamless transition of our models to new emission norms," Honda Cars India Director Marketing and Sales Yuichi Murata said. The company is currently gearing up for the launch of the new City, he added. "We are confident that it will generate new excitement and appealing options for customers," Murata noted.

Honda to cut car output by 40% at two Japanese plants in October

Honda Motor Co said on Thursday it would reduce car output by up to 40% at two Japanese plants for the rest of October from its earlier plans

Honda to discontinue Jazz, WR-V and 4th generation City in Indian market

Japanese carmaker Honda plans to discontinue its three models -- Jazz, WR-V and fourth generation City -- in India by March next year, according to industry sources. The company, which is present in the country through a wholly-owned subsidiary Honda Cars India, will be left with only three models in its line up -- City Hybrid, fifth generation City and entry-level sedan Amaze -- after it discontinues the three brands. In December 2020, the company had stopped the production of Civic and CR-V with the closure of its Greater Noida plant as it struggled to strengthen foothold in the Indian market. Sources said the three models were being phased out as the company prepares to launch SUV models in the market. When contacted over the issue, a Honda Cars India spokesperson said: "The company cannot comment on the market speculations." Earlier this year, the automaker had announced that it plans to launch an SUV in the country next year. The company is currently in the process of develo

Japanese automaker Honda to launch new SUV in India next year

Last year the automaker had confirmed that it was in the process of developing an India specific SUV

General Motors, Honda plan to co-develop affordable electric vehicles

General Motors and Honda are planning to co-develop some affordable electric vehicles that will use next-generation Ultium battery technology, it said on Tuesday

EV startup Rivian could be worth nearly as much as Honda in U.S. IPO

The startup is looking to raise up to $8.4 billion, setting it up to be the third-largest initial public offering (IPO) by funds raised in the past decade in the United States.

Honda reports 49% increase in domestic sales at 11,177 units in August

Honda Cars India Ltd (HCIL) on Wednesday reported a 49 per cent increase in domestic sales at 11,177 units in August as compared with the same month last year. The company had sold 7,509 units in the domestic market in August 2020, HCIL said in a statement. Exports stood at 2,262 units last month as compared with 450 units in August 2020, it added. "Positive sales momentum and overall strong demand helped us to achieve good volumes with the onset of the festive season. The celebratory fervour which began with Onam in Southern India will extend to the rest of the markets as we move towards the peak of festivities," HCIL Senior Vice President and Director (Marketing & Sales) Rajesh Goel said. The company's best-seller model -- Amaze, which has been launched in its latest avatar last month, drove commendable sales volume with 6,591 units and reinforced its position as the most preferred family sedan in India, he added. While we are quite optimistic on the demand side going forward, .

Honda swings to Q1 operating profit of $2.23 bn, trounces estimates

Honda Motor Co swung on Wednesday to a first-quarter operating profit of $2.23 billion from a 113.7 billion loss a year ago as car sales recovered from the impact of the Covid-19 pandemic

Honda hopes new Civic hatchback to be basis for more efficient cars

Honda Motor Co unveiled its latest Civic hatchback designs on Thursday, with hopes that the all-new model will become a foundation for developing cars more efficiently

Honda Cars domestic sales dive 78% dip in May to 2,023 units over April

Honda Cars India on Tuesday reported a 78 per cent decline in its domestic sales to 2,032 units last month as compared to 9,072 units in April this year. The company said it exported 385 units in May. "Multiple state-wide lockdowns throughout the country to control the spike in COVID-19 infections in May 2021 impacted retail business. During last month, we also undertook extended maintenance-related shutdown of our factory leading to limited production but effectively breaking the chain amidst the high number of cases in north India," Honda Cars India Senior Vice President and Director (Marketing & Sales) Rajesh Goel said in a statement. With the increase in the pace of vaccination and the declining cases, the company expects markets will open gradually allowing business continuity, he added. Goel noted that the company's field teams were in constant touch with waiting for customers to facilitate their car purchases through digital mediums. "We will closely monitor the on-ground .

Honda Motor recalls 761,000 vehicles worldwide to replace fuel pumps

Honda Motor Co said on Tuesday it will recall about 761,000 vehicles worldwide to replace fuel pumps that could fail and lead to engine problems