According to media reports, while Honda is planning to sell 20 per cent stake to the other promoter, Munjal family of the Hero Group, it is looking at selling 6 per cent to private equity firm KKR.
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.
With US-based electric vehicle (EV) maker Tesla scouting for a suitable location for its foray in India, Rajasthan has joined the fray with a host of offers to woo the Elon Musk-led company. Other challengers include Gujarat, Tamil Nadu, and Maharashtra. Sources privy to the development said that an initial meeting between the senior executives of Tesla and the government of Rajasthan, which was held last week, turned out to be "quite positive." Tesla would now carry out a survey and is expected to share the survey details with the state's investment promotion department soon.
Maruti Suzuki, Hyundai and Tata Motors reported a decline in wholesales in September as the companies curtailed dispatches to dealers to reduce inventory build-up amid a decline in demand. Maruti Suzuki India reported a 4 per cent dip in total domestic passenger vehicle wholesales last month to 144,962 units compared to 150,812 units in the year-ago month. The auto major said sales of mini segment cars, comprising Alto and S-Presso, grew marginally to 10,363 units against 10,351 units in September 2023.
The top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra.
'We are seeing one of the highest discounts in recent years across companies.' 'October is a crucial month with several festivals coming up.'
"We are designing a small car which will be launched a few years down the line," Jnaneswar Sen Vice President (marketing) Honda Siel Cars India, the Indian subsidiary of the Japanese company said. The car would be placed in the B, B+ segment, Sen said.
The vehicles affected by the recall are manufactured between September 2011 and July 2014.
The Honda NAVI is completely customisable as per the customer's choice.
Japanese automotive giant Honda Motor Co said on Wednesday it would double its production capacity in the country to 1,00,000 units by 2007, three years ahead of the original schedule.
Honda Siel Cars India on Monday said its primary focus will be the domestic market, but it does plan to export cars to Nepal, Bangladesh, Bhutan and Sri Lanka, a top official said.
The will be cheaper than Brio and compete with Maruti Alto and Hyundai Eon.
In this industry, a company's strategy needs to be adaptable in order to keep up with the pace of change.
MotorOctane took this fun bike for a spin around a fun place -- Imagica Adventure Park -- to tell you more about it.
If Honda is unleashing premium bikes to take on Yamaha, the latter is getting into scooters.
Ahead of the festive season, several passenger and commercial vehicle manufacturers have agreed to offer discounts of 1.5-3 per cent on new vehicle purchase against scrapped old vehicles after a meeting with Union Minister Nitin Gadkari, an official statement said on Tuesday. The statement further said Mercedes Benz India has offered a flat discount of Rs 25,000, which will be over and above all existing discounts. Union Road Transport and Highways (RT&H) Minister Nitin Gadkari on Tuesday chaired a meeting with the SIAM delegation at Bharat Mandapam, where he addressed pressing issues in the automobile industry.
When a manufacturer launches the fifth generation of a product, it is given that earlier avatars hit the mark. Ditto for the new Honda City, the latest version of which also brings in sweeping changes to the carmaker's product strategy for the Indian market, says Pavan Lall.
When the bike lands in India, expect it to be priced at around Rs 2 lakh. A launch is expected early next year.
"The compact petrol 1.2 litre car will be configured to international markets and will not compete with the small cars available in India. Depending on market conditions, we will import the hybrid version from Japan later," M Takedagawa, president and CEO, said on Monday.
Leading carmakers Maruti Suzuki and Hyundai on Thursday reported a dip in wholesales in July as companies reduced vehicle dispatches to dealers amid moderation in demand. Maruti Suzuki India said its total domestic passenger vehicle sales stood at 137,463 units in July against 152,126 units in the year-ago month, down 9.64 per cent.
The company is engaged in developing diesel engines back in Japan.
Announcement comes following a production cut by Honda Motor at its plants in Japan following a shortage of components due to the impact of the Tsunami on its parts suppliers.
Japanese auto giant Honda Motors on Thursday said it was willing to divest its stake in Honda Siel Cars India Ltd to its domestic joint venture partner Siel Ltd.
Honda Motorcycle is on a roll, launching new motorcycles now and then. The Japanese automaker plans to take the numero uno position from Hero MotoCorp by 2020 in the Indian market and is planing a slew of launches in the coming years. One such motorcycle to be launched in India next year is the Honda CRF250L.
Honda Motorcycle and Scooter India (HMSI), India's second-largest two-wheeler maker, on Wednesday revealed its electric vehicle (EV) roadmap, which includes setting up a dedicated EV factory, launching the first two EVs in 2023-24, and establishing 6,000 battery exchange points in the country. HMSI plans to establish a specialised unit for the manufacturing of electric vehicles (EVs), named 'Factory E', at its Narsapura plant located in Karnataka. Factory E will be created by converting an existing production line that currently manufactures internal combustion engine (ICE) vehicles, said Atsushi Ogata, HMSI managing director and chief executive officer.
The company, which runs operations in India through a joint venture with the Siel Group -- Honda Siel Cars India -- said the recall will cover only the third-generation City models that were manufactured between November 2008, and December 2009.
Honda Motor president and CEO Takeo Fukui on Tuesday announced the company will launch a small car in India as it goes in for a new plant to expand capacity in the country.
Honda Siel Cars India is seriously considering Tamil Nadu and three other states for setting up its second India manufacturing facility, which will be producing small cars.
The company has upped the ante by launching updated versions of five of its highly popular bikes recently. Consumers are in for better time
Honda Motorcycle and Scooter India (HMSI) Ltd. has finally launched the new 110cc commuter bike Livo at an introductory price of Rs 58,000 (on-road) in the country.
Honda has also introduced new gear for child seats.
Japanese major's idea part of strategy to double sales in emerging markets by 2017.
'Nearly all companies are extending festival offers for entry-level, sedan, and hatchback segments.'
Honda is all set to launch the CBR650F alongwith mutliple other motorcycles at the Honda RevFest 2015 that will be held simultaneously across 8 cities (New Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Kolkata, Indore and Ahmedabad) on August 4, 2015.
Japanese auto major Honda on Wednesday said it will focus on India and China for future growth as sales in developed markets like the United States and Europe continue to drag due to the global economic downturn.
Unlike many business heads, Hironori Kanayama is surprisingly optimistic about the latent potential of the Indian market and predicts that a turnaround is imminent.
Honda BR-V will be launched in India this year.
The local arm of the Japanese two-wheeler manufacturer accounts for every second scooter sold in India.
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