Honda Seil Cars India on Thursday said it would invest Rs 200 crore (Rs 2 billion) in the next two years for indigenisation and aims a hefty over 65 per cent sales growth this fiscal.
Bajaj Auto has raced ahead of Hero Honda Motors in terms of market capitalisation following the recent drubbing received by the latter, while the former managed gains in a weak market.
Honda's new V6 turbo hybrid Formula One engine will make its track debut at Silverstone on Friday in the back of a McLaren development car.
Foreign firms that have made huge investments in China to take advantage of its cheap labour resources watched warily as Japanese car major Honda struggled to open its plants even a week after workers resorted to a flash strike.
Utility vehicles manufacturer Mahindra & Mahindra will replace Hero Honda in the country's benchmark index Sensex from July 9.
Under pressure from increasing input costs and shrinking margins, leading two wheeler manufacturer Hero Honda on Monday announced an increase in prices of its motorcycles by Rs 500 to Rs 2000 across various models.
Honda Siel Cars India said on Wednesday it was planning to launch two models in India, including its popular hatchback Jazz, to mark the company's foray into small car segment in the country.
Honda Siel Cars India on Friday said its sales soared by 195 per cent in December 2003 to 2,760 units on the back of strong demand for the recently-launched all-new mid-size car City.
Honda Siel Cars India on Thursday launched an all-new mid-size car City as part of its strategy to increase turnover by 50 per cent this year and said study was on to launch a car in the volume-driven segment.
The Honda Formula One team are to replace advertising and sponsor logos on their car this season with a giant picture of the Earth to raise awareness of environmental issues.
The group also said it will raise fund from private equity firms, including Bain Capital and Lathe Investment, estimated to be around Rs 4,500 crore (Rs 45 billion) to finance its buyout by selling stake in Hero Investments Private Limited (HIPL).
The company is looking at buying steel and electrical components from Indian suppliers for the car to be cost competitive, Honda Motor Co executive vice-president and representative director Koichi Kondo told reporters while unveiling the concept of new small car at the Auto Expo in New Delhi.
The new Honda City petrol is stylish, spacious, performance-oriented, and promises great fuel economy.
Honda's Mobilio is a multi-purpose vehicle that, while being functional, oozes style.
Car lovers who swear by the Honda badge will have to pay up to Rs 45,000 more, as Honda Siel Cars India Ltd is set to start charging central sales tax on its models since the tax holiday it enjoys in Uttar Pradesh is ending this month.
The company has sold 2.37 million units till February.
City sales stood at 4,600 units in September.
All you wanted to know about the biggest car launch of the year.
Honda Siel Cars, India on Tuesday said it would be investing Rs 700 crore (Rs 7 billion) in the Indian market over the next five years.
Hero Honda chairman B M Munjal on Tuesday said the five-day strike at the Gurgaon plant will not have an impact on the company's profitability and sales.
Facing a production loss due to strike at its Gurgaon plant, Hero Honda on Wednesday said the workers' action would not impact sales in the long term.
Honda Motorcycle & Scooter India, fully owned Indian subsidiary of the Japanese firm, launched on Friday a new version of its gearless scooter Activa, priced at Rs 39,800 (ex-showroom, Delhi). The company would focus on gearless scooters in the future and with the launch of the new Activa, HMSI is looking at a total of 18 per cent growth in its two wheeler sales in the next fiscal, 2009-10.
Brio, cheaper City and Jazz and diesels could pave the way for growth in India.
Automobile dealers' body FADA on Thursday sought a cut in GST on two-wheelers from 28 per cent to 18 per cent, saying the segment being essential for millions should not be categorised as luxury item. The industry body said it has appealed to the finance minister, chair of the GST Council, all GST Council members, the ministry of heavy industries, which supervises the automobile sector, and the ministry of road transport & highways. This timely and decisive intervention would help in making two-wheelers more affordable, reviving demand and reinvigorating an industry that has seen a significant slump in sales over the past few years, the Federation of Automobile Dealers Associations (FADA) said in a statement.
Formula One supremo Bernie Ecclestone has said he will do what he can to keep Honda's team on the starting grid after the Japanese manufacturer pulled out in December. Team principal Ross Brawn and chief executive Nick Fry are looking for new owners and backers although the most likely scenario for the 700-strong British-based team remains a management buyout.
A slew of new products in the mid-segment line-up like Star City Plus and Victor, an agreement with global brand BMW to launch new range of bikes and a strong marketing push is what the Chennai-based automaker has up its sleeves to take on established players in the two-wheeler market.
The major rivals of the car include Maruti Ertiga, Chevrolet Enjoy, and Mahindra Xylo.
Prince Harry and his wife Meghan were 'pretty nervous' as they were chased by paparazzi in New York, according to an Indian-American cab driver who drove the couple for about 10 minutes after picking them up at a police station in Manhattan.
The workers of Honda Motorcycle and Scooter India had enough reasons to cheer in the early hours of Saturday morning
The ace golfer won the Hero Honda Open South by a massive six-shot margin.
It will be launched this Diwali.
Striking workers of Honda Motor Company will resume duty from Monday after their agreement with the management late on Friday night and have promised that they would not be making any fresh demand to the company for a one-year period.
The Kolkatan, with a final total of 15-under 269, thus registered back-to-back victories in as many weeks and took home a handsome cheque of Rs 1,89,840.
Ireland's Padraig Harrington picked up his first PGA Tour title on the second hole of a playoff at the $5.5 million Honda Classic in Florida on Sunday.
The lanky golfer from Delhi fired a sizzling six-under 66 on the final day to win the 13th event on the Amby Valley PGAI Tour.
Hero Honda on Monday said its motorcycle sales during November 2003 grew 26 per cent to touch 204,533 units and this growth was spread across all major segments including Splendor+, and Passion Plus.
Making a statement of its commitment to protect the environment, Japanese car major Honda on Wednesday launched the first hybrid car in India, Civic Hybrid, priced at Rs 21.5 lakh
In a bid to maintain its leadership position in the highly competitive bike market, Hero Honda Motors on Monday said it will invest up to Rs 600 crore (Rs 6 billion) in the next two years to set up a new manufacturing unit even as it gears up to fora
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