Japanese auto major Honda has changed the name of its Indian operations to Honda Cars India Ltd following the break up of its joint venture with Usha International of the Shriram Group.
Japanese auto major Honda considers India a key market for its future growth alongside the US and Japan, according to Honda Cars India President and CEO Takashi Nakajima. The Tokyo-headquartered automaker, which operates in India through a wholly owned subsidiary, plans to drive in more SUVs in the country, as the segment continues to see robust sales across varied price points.
Network scale seen as central to tapping smaller markets.
Honda has invested Rs 3,526 crore in its Rajasthan unit.
Hyundai Motor India and Honda Cars India on Wednesday joined the list of automakers planning to hike prices of vehicles from April, second time this year, to partially offset the impact of rising input costs and higher operational expenses. In a statement Hyundai Motor India Ltd (HMIL) said it will hike prices of its vehicles by up to 3 per cent effective in April 2025.
Two Japanese auto giants, Honda and Nissan, are moving towards a potential merger, but it remains unclear how their Indian operations will be immediately impacted.
The company had sold 4,758 units in the same month last year.
A deep split has emerged within India's auto industry over the proposed CAFE exemption for small cars, with only Maruti Suzuki and Renault backing the move in the final SIAM vote.
After a record-breaking year, India's automobile industry is entering 2026 on a relatively strong footing, with sales growth expected in the 6-8 per cent range. The outlook is underpinned by policy support, including GST rationalisation, easing monetary conditions, and income tax relief, which together are likely to improve affordability and sustain consumer demand across vehicle segments.
Honda Cars India Ltd is looking to hike prices of its entire product range in the country from the first week of January as it aims to partially offset the effects of adverse exchange rate and inflation.
Honda Cars India Ltd on Tuesday launched an all new version of its sports utility vehicle CR-V which will be cheaper by up to Rs 270,000 from previous model as the company looks to strengthen foot hold in the Indian market.
Honda cars are likely to be dearer by two per cent or between Rs 14,000 and Rs 30,000 from next month.
Companies with "gas guzzlers" are trying to set up the wrong narrative against small cars getting relaxation in the proposed corporate average fuel efficiency (CAFE-III) norms on the basis of weight, Maruti Suzuki senior executive officer corporate affairs Rahul Bharti said on Monday, bringing to the fore deep division among carmakers regarding the upcoming rules.
The GST Council on Wednesday approved two slabs of 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
The will be cheaper than Brio and compete with Maruti Alto and Hyundai Eon.
Manufacturers of passenger vehicles (PVs) in the first half of the calendar year (2025) reported a modest 0.5 per cent year-on-year increase in wholesale dispatches, while retail sales grew 2.5 per cent for the same period, reflecting a calibrated approach by automakers amid elevated dealership inventories and cautious consumer sentiment. According to the Society of Indian Automobile Manufacturers (Siam), dispatches rose marginally to 2.16 million units, up from 2.15 million units a year earlier.
For hatchbacks and sedans, offers range between Rs 40,000 and Rs 80,000 while SUVs and multi-purpose vehicles carry benefits exceeding Rs 1 lakh.
Toyota Motor Corporation and Honda Motor Corporation plan to make India a hub for sourcing components of small cars.
With demand continuing to be strong post the festive season, leading automakers, Maruti Suzuki, Tata Motors and Mahindra & Mahindra, saw robust growth in sales in November as compared to the same month last year. Maruti Suzuki India reported the best-ever total sales, including exports, last month at 229,021 units, a year-on-year growth of 26 per cent as compared to November last year.
Honda Siel Cars India said on Friday it has hiked the price of its sedans by up to Rs 12,801 owing to increasing input costs.
Honda entered the diesel car segment with the Amaze and it became fastest in HCIL history since its inception in the Indian market to cross the milestone
'Nearly all companies are extending festival offers for entry-level, sedan, and hatchback segments.'
Honda Cars India (HCIL) net profit dropped by 52.8 per cent year-on-year (Y-o-Y) to Rs 661.4 crore in 2023-24 (FY24), primarily due to deferred tax of Rs 359.8 crore, according to the annual results submitted to the Registrar of Companies (RoC) and reviewed by Business Standard. In FY24, the company's production increased by 16 per cent Y-o-Y to 134,807 units.
Festivals also contribute to the rise in overall automobile retail sales, says dealers association.
Despite the benefits of hybrid technology, a lack of government backing and few launches have kept the segment from gaining ground.
Prices of various car models -- ranging from entry-level hatchbacks to high-end luxury offerings -- are set to rise as automakers have announced price hikes with effect from January. Carmakers cite an increase in input costs and operational expenses as the main reason to implement price increases from the next month. Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units.
Millions of vehicles have been recalled across the globe due to defective safety airbag manufactured by Japan's Takata Corp.
The company also introduced a new variant of the manual transmission version, priced at Rs 426,000.
Maruti Suzuki India and Tata Motors on Monday announced plans to increase vehicle prices from April, the second time in this year, in order to partially offset the impact of rising input costs. Maruti Suzuki said it plans to hike prices of its entire model range by up to 4 per cent from next month.
Popular new models like Maruti Ciaz and Hyundai Elite i20 are reported to get dearer in a few days time.
Honda Car India is planning to increase prices of its vehicles by up to Rs 6,000 from April to offset the impact of adverse exchange rate that has resulted in higher input costs.
The Honda City is an iconic brand for the Japanese carmaker
Honda cars has strengthend market share in India in the past five years.
Recently there has been a flood of new launches that have posed a serious threat to the almost monopolistic models by Honda.
It sold 1,218 units of its flagship City and 2,199 units of its small car Brio.
Honda Cars India approached the Gujarat government with a proposal to set up a car manufacturing plant in the state.
Honda has also introduced new gear for child seats.
Honda BR-V will be launched in India this year.
The revised prices will be effective from October 1, 2012.
The company said it will resume production of the car that is being rolled out from its Greater Noida plant in the first week of next month.
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