Page 3 - Honda Motor

Honda Elevate crosses 20,000 sales-mark since its launch in September

Honda Cars India on Saturday said its mid-sized Sports Utility Vehicle Elevate has crossed 20,000 sales mark since its launch in the domestic market in September this year. The new model accounted for over 50 per cent of total company sales in the last three months and has helped the company grow its sales by 11 per cent in the September-November period as compared with the same period last year, the automaker said in a statement. "We have maximised the production of the Elevate to serve our waiting customers as early as possible and adjusted the variant mix to align with the market demand which is overwhelmingly high for CVT variants currently," Honda Cars India Director (Marketing and Sales) Yuichi Murata said. India is the first country to manufacture and sell the Elevate globally. Honda also aims to make India an important export hub for the new model to other parts of the world, catering to the robust demand for SUVs globally.

Nissan, Honda get some relief as weak yen amplifies uptick in sales

It raised its full-year forecast by nearly 13% to 620 billion yen due to a favourable impact of a weak yen and improvements in global retail sales, excluding China

Maruti Suzuki to recall 87,599 vehicles to fix manufacturing defect

The vehicles include Maruti's small hatchback S-Presso and affordable MPV Eeco

SAMIL to acquire 81% stake in Honda Motor arm for Rs 1,059 crore

The Noida-based automotive (auto) parts maker said it expected this deal to close by the first quarter of 2024-25

Samvardhana Motherson International to acquire 81% stake in Honda Motor arm

Auto components maker Samvardhana Motherson International Ltd on Tuesday said it will acquire an 81 per cent stake in the four-wheeler business of Yachiyo Industry, a Honda Motor subsidiary. The company has entered into a partnership with Honda Motor under which it will form an 81:19 strategic partnership with the latter where both partners will drive the company towards a strong and sustainable future and be fully prepared for next-generation products and technologies, Samvardhana Motherson International Ltd (SMIL) said in a statement. Yachiyo Industry Co Ltd is a publicly listed firm on the Tokyo Stock Exchange. It is a subsidiary of Honda Motor Co Ltd. It has four-wheeler (4W) and two-wheeler (2W) businesses. "As a part of the overall transaction, the 2W business will be transferred to Honda Motor before Motherson acquires 81 per cent stake in Yachiyo's 4W business," the statement said. In a regulatory filing, the company said the cost of acquisition is at an "equity value of JP

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

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

Honda Elevate SUV set to make debut in India on June 6, full details here

The Japanese carmaker, Honda, revealed its upcoming Honda Elevate SUV today in India. The car is expected to be launched in August or September this year.

Maruti Suzuki's Dzire best-selling compact sedan of FY23; check full list

Available in petrol, CNG, and electric versions, Tata's Tigor clocked sales of 46,174 units, 93% up year-on-year

Maruti Suzuki's Dzire best-selling compact sedan of FY23; check full list

Available in petrol, CNG, and electric versions, Tata's Tigor clocked sales of 46,174 units, 93% up year-on-year

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

Honda Motor announces top management changes its Indian two-wheeler arm

Japanese auto major Honda Motor Co Ltd on Wednesday announced top management changes in its Indian two-wheeler arm with the appointment of Tsutsumu Otani as the President, CEO & Managing Director of Honda Motorcycle & Scooter India. Otani, also a Vice President at Honda Motor Co., Japan, will succeed Atsushi Ogata, who returns to Shanghai, China as the Executive General Manager at Shanghai Branch, Honda Motor (China) Investment Co., Ltd with effect from April 1, 2023, the company said in a statement. In 2022 Otani was appointed as Executive General Manager, Shanghai Branch Honda Motor (China) Investment Co., Ltd. He started his career with Honda Japan in 1997 and held several leadership positions in the company's business in different global markets. Ogata had spearheaded Honda's Indian two-wheeler operations for three years. The company also announced the elevation of Vinay Dhingra, who was earlier Director General & Corporate Affairs, Strategic Information System and ...

Another $237 million granted to Honda battery plant project in Ohio

Ohio's privatised economic development office has finalised an agreement with Honda to infuse USD 237 million into development of a massive battery plant project that the Japanese automaker plans to use to transform the state into its North American electric vehicle hub. JobsOhio posted details of the package of three grants on Wednesday. They include a USD 140 million economic development grant for the plant Honda is building jointly with LG Energy Solution of South Korea, a USD 10 million workforce grant for the project itself and USD 87 million to retool Honda's existing facilities. The money, payable over the next 10 years, comes on top of the approximately USD 156.3 million in tax incentives and infrastructure improvements that the state of Ohio is putting toward the project. Officials say the battery plant will be located in rural Fayette County, about 40 miles (64 kilometers) southwest of the state capital of Columbus. Honda and LG have agreed to create 2,527 new jobs and mo

Nov car sales zoom to record high; Maruti, Hyundai post double-digit growth

Tata Motors saw its despatches jump 55 per cent to 46,425 units during the month

Pact inked between Hyundai, SK On for EV battery partnership in US

Hyundai Motor Group said on Tuesday it has signed an initial pact with car battery maker SK On to secure batteries for its dedicated electric vehicle (EV) plant in the United States.

Kia India profit down 25% in FY22 as tax outgo slams the brakes

Kia is one of the few unlisted global carmakers in India that saw a contraction in profits

BSVI phase 2: Diesel car cost likely to rise by nearly Rs 80,000

Initial acquisition cost of hybrid models to be on a par with diesel ones

Sony, Honda Motor announces delivery of first EVs in 2026 in US

Sony Group and Honda Motor on Thursday announced the delivery of their first EVs from their joint new company in the US in 2026, and the pre-orders will begin in 2025

Hindustan Petroleum, Honda join hands to boost electric mobility

HPCL and Honda Power Pack Energy India Pvt Ltd, a subsidiary of Honda Motor Co Ltd (Honda), launched their first 'e:swap' station at HPCL's petrol pump in Bengaluru on August 6, the firm said.

Honda launches hybrid electric vehicle City e:HEV tagged at Rs 19.49 lakh

The City e:HEV is the first car in the mainstream segment equipped with strong hybrid electric technology, the automaker said in a statement

Sony, Honda Motor team up to develop and sell electric vehicles

Honda will be responsible for manufacturing the first model, while Sony will develop the mobility service platform