Page 12 - Honda

Honda closes gap with Bajaj Auto for number two spot in bike segment

Honda Motorcyle & Scooter India (HMSI) is snapping at the heels of Bajaj Auto for second spot in the domestic motorcycle segment, with the gap between the two companies coming down to a meagre 14,200 units during the ongoing fiscal. In the April-February period last fiscal, the gap between the two companies stood at 3,98,525 units. As per the latest data released by Society of Indian Automobile Manufactures (SIAM), Bajaj Auto has so far sold 18,15,590 units in the April-February period of the current fiscal while HMSI has sold 18,01,390 units in the same period. Hero MotoCorp with a sale of 58,72,966 units during the period continues to lead the bike segment in the country. HMSI, which is already a leader in the scooter segment, had sold 14,51,417 units during the same period last fiscal while that of Bajaj Auto stood at 18,49,942 units. HMSI Senior Vice President - Sales and Marketing Yadvinder Singh Guleria said the current fiscal is shaping up to be a historic year for the ...

Honda appoints Gaku Nakanishi as president and CEO of India operations

Japanese auto major Honda Motor Co today announced appointment of Gaku Nakanishi as the President & CEO of Honda Cars India Ltd. Nakanishi, who will take over from incumbent Yoichiro Ueno, will assume the role from April 1, consequent to the management changes announced annually by Honda Motor Co., Ltd, the company said in a statement. Ueno will move to New Business Strategy Division, Business Development Supervisory Unit in Honda Motor Co., Ltd for accelerating formulation of new business strategy and pursuit of open innovation in the area of future mobility, it added. During his tenure in India, Ueno was instrumental in fortifying the premium brand positioning of Honda and spearheaded introduction of several premium models in India including BR-V, Accord Hybrid, New City and WR-V, the company said. Besides, he played a key role in laying the foundation for launch of new models, including all-new Amaze, all-new CR-V and the comeback of Civic sedan, it added. Ueno's stint in ...

Maruti follows Tata Motors, Honda; to raise car prices by up to 2% from Jan

Other automakers such as Ford, Toyota Kirloskar Motor, Skoda and Isuzu already announced price hikes from early next year

HMSI to invest Rs 1,600 cr this year; plans to expand in Karnataka

'Mission 2020' was to make the Indian operations one of their hubs for export, said Minoru Kato

Honda to invest Rs 1,000 cr in new 0.6 m assembly line, products

The second largest two-wheeler maker Honda today said it will invest over Rs 1,000 crore in a new 0.6 million-unit assembly line and develop four new products to help it realise the 20 per cent sales growth target set for itself for fiscal 2018. "We will be opening the fourth assembly line at our Karnataka plant by July this year. This will be our 11th assembly line in the country. We will also launch four brand new models this financial year - two each scooters and bikes. For all these we have budgeted over Rs 1,000 crore in capex this year," Minoru Kato, the newly-appointed president & chief executive at Honda Motorcycle & Scooter India (HMSI) told reporters here today at his maiden media interaction. The company which clocked a revenue of a little over Rs 20,000 crore in fiscal 2017, up from Rs 18,000 crore in the previous year, has so far invested Rs 7,800 crore in the country since it started independent operations in early part of the last decade after breaking its ...

Honda gears up to launch 2 new products in FY18, strengthen rural network

Only one to gain in last 6 years, market share rose by 14% to 27% in 2016-17 from 13% in 2010-11

Honda to export its latest product WR-V to Brazil

Company would also bring its premium sedan 'Civic' later this year

Honda posts 5% rise in Feb sales; gains 1.4% market share

For the second month in a row after note ban, Honda Motorcycle & Scooter India (HMSI) today said its February sales grew 5 per cent to 3,69,865 units while the industry as a whole saw flat sales. This comes against a flat growth for the industry in the reporting month, while for the past three months, the industry sales have been contracting. This takes HMSI's year-to-date sales (domestic and exports) growth at 13 per cent, while for the industry this is only 5 per cent, HMSI said in a statement. HMSI also had lost sales in November and December following the note ban, but as the industry continued to decline, its market share in February rose to by 1.4 per cent to 27.2 per cent, the company added. This has had Honda emerging as the highest volume contributor to the industry throughout the year, with 24,150 units added in the overall two-wheeler industry, Yadvinder Singh Guleria, senior VP for sales & marketing said. While the industry exports fell 8 per cent YTD, Honda's

Honda's new City priced at Rs 8.5 lakh to battle it out with Maruti's Ciaz

City competes with Maruti Ciaz, which is available in a price range of Rs 7.86 lakh and Rs 9.96 lakh

Honda plans e-car venture with Hitachi

In pairing up with Hitachi, we're hoping to tap into its expertise in volume production: Honda

Honda raises full-year profit outlook on lower costs, weaker yen

The automaker expects to sell more than 5 million vehicles globally in the year through March

Honda to recall over 41,000 cars in India over faulty airbag

Of the 41,580 units being recalled, 32,456 units are City, 7,265 Jazz, 1,200 Civic and 659 Accord

Honda recalls 41,580 cars across various models in India

The recall is part of the Japanese auto major's global exercise to rectify faulty airbags

Honda adds 772,000 vehicles to ongoing air bag recall

Takata uses chemical (NH4)(NO3) to cause a small explosion designed to inflate air bags in crash

Despite 24% fall in Dec, Honda closes 2016 with highest sales

However, its December sales fell 24.4 per cent to 2,31,654 units from 3,06,585 units due to note ban

Japanese firms rule a third of two-wheeler market

Honda has grown from 15% in FY12 to 27% now; Yamaha has doubled share to 5% in five years

Honda to hike car prices by up to 3% from January

The increased price will be effective from first week of January 2017

Ride-hailing battle gets tougher as Honda invests in Grab

Honda has invested in Grab to promote motorbike safety, efforts to reduce traffic and congestion, reports Tech in Asia

Honda begins two-wheeler exports from Gujarat plant

Sends first consignment to Sri Lanka from Mundra port

Honda plans more products for India, new SUV on radar

In April-September this financial year, the company's domestic sales were down 23 per cent at 74,855 units