Honda has decided to price the small car below Rs 500,000 to be able to compete with Maruti Suzuki Swift and Hyundai i20.
Honda, the largest manufacturer of two-wheelers in the world, unveiled its Unicorn model, its first motorcycle to ever enter the Indian market.
Amid a shift in mobility trends and people increasingly opting for less polluting energy sources, sales of compressed natural gas (CNG) vehicles increased more than 82 per cent in the past five years. A total of 729,902 CNG vehicles were sold in 2022-23 against 400,825 in 2017-18, according to VAHAN Dashboard. Though the increase in sales of CNG-powered vehicles has been significant, their share in overall vehicle sales remains minuscule as is the case with EVs.
The car will be based on the new Jazz.
India's largest motorcycle maker Hero Honda on Monday said its February sales went up by 51.7 per cent to 204,000 units over 134,000 units in the same month last year.
Fuel price hike will impact demand going forward.
HMSI has increased the monthly salary of its permanent workers by Rs 14,770 a month.
With the expansion of its greater Noida plant almost complete, Honda Siel Cars India Ltd expects to enhance its production from 30,000 to 50,000 units a year.
Volkswagen is looking to dislodge Honda's dominance in the premium mid-size segment in India, with the launch of a new executive sedan in the second half of this year.
The company had sold 4,758 units in the same month last year.
Japanese auto giant Honda's two-wheeler unit in India has suffered losses to the tune of Rs 100 crore (Rs 1 billion) in the last one month due to labour unrest, which has led to police deployment at the facility and production being cut down by over
Developed at an investment of Rs 620 crore (Rs 6.2 billion), the most on a car by Maruti Suzuki, the Ciaz will also be exported to West Asia, Europe, Africa and Latin America.
The Jazz, coming at a price range of Rs 6,98,000 to Rs 7,33,000 (ex-showroom Delhi), had witnessed stock pile up last month with retail sales not picking up.
The ongoing elections and overall subdued market sentiment continue to affect the sales momentum
At Rs 46,534 (ex-showroom, Mumbai), the Jupiter is a well rounded package offering tremendous value for money, writes Faisal Ali Khan of MotorBeam.com.
Japan on Tuesday said the labour unrest at Honda Motorcycles and Scooters India could impact foreign direct investment inflows into India, but ruled out its intervention in the matter.
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.
Honda cars are likely to be dearer by two per cent or between Rs 14,000 and Rs 30,000 from next month.
Both the MPVs were recently unveiled in the Indonesian market and will soon be launched in India to lure the customers.
Honda Cars India Ltd would be able to manufacture only 4,000-5,000 units of Amaze per month this year as its limited by the current production capacity, company's senior vice-president (sales and marketing) Jnaneswar Sen said at the car's launch in the city.
Honda Motor is working on a small car with 1.2 litre engine for the Indian market at its research and development facility in Japan.
He also became the first player on the Asian PGA Tour to cross the million-dollar mark in career earnings.
The Jazz has big, wide, lightweight doors that are almost 3 kg lighter than the ones in the older model.
Honda hasn't gone to town updating every single panel and trim
Built on the same platform as the new Honda City, Honda Jazz is modern and pleasing. The styling is not really revolutionary, but its razor-sharp edges give it a very modern look.
Pressure is mounting on Honda Motorcycle and Scooters India, India's fourth biggest two-wheeler maker by volume, to resume normal supplies of scooters and motorcycles to its dealers, who are forced to ask customers to wait for up to four-five months for delivery.
Honda Siel Car India has hiked prices of its 'City' and 'Accord' models following the announcement of a 2 per cent cess on all the major tax heads for education.
India's largest motorcycle maker Hero Honda Motors Ltd said on Thursday it posted a net profit of Rs 581 crore (Rs 5.81 billion) for the year ended March 31.
Honda Siel Cars India hopes to achieve a nearly 32 per cent rise in turnover this fiscal to Rs 1,500 crore (Rs 15 billion) on the back of increased volumes, company officials said on Tuesday.
The price tag ranges from Rs 5.3 lakh to Rs 8.59 lakh
The company said it will use the vendor base of its two-wheeler business in India to make the car price competitive.
Auto major Honda Siel Cars India Ltd on Wednesday said it will increase prices across all models from April 2 since the sales tax holiday it enjoys in Uttar Pradesh, is coming to an end.
A bench headed by Justice Arijit Pasayat while seeking reply from the companies also tagged the petitions with other similar petitions pending before it. It may be noted that more than 100 petitions have been filed from all over the country on the issue. The Uttar Pradesh government had challenged the high court judgement that held that there was no material sufficient to establish that the amount collected as tax was in proportion to the facilities provided to the traders.
The HMSI Employees Union has demanded basic pay increments of Rs 15,000 for permanent workers, Rs 10,000 for contract workers and Rs 4,000 for apprentices.
This can spark off a price war.
Honda Motorcycle & Scooter India Pvt Ltd (HMSI) will set up its second plant in Rajasthan at an investment of Rs 1,100 crore (Rs 11 billion) with an installed capacity to produce 12 lakh units per annum.
The upgrades include features like driver seat height adjuster and rear windshield defogger.
Passenger vehicle wholesales in India rose to a record high in October as companies pushed dispatches to dealers to cater to the enhanced demand in the festive season. The overall passenger vehicle wholesales in October rose to 391,472 units, up 16 per cent from 336,679 units in the same month last year. Last month witnessed the highest-ever dispatches of passenger vehicles in the domestic market by Maruti Suzuki India and Mahindra & Mahindra.
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