Honda pulled out of Formula One with immediate effect on Friday, feeling the bite of the global recession in a major blow to a sport itself looking to cut costs to survive.
Honda Motor Co is close to a deal on the sale of its Formula One motor racing team, Japan's biggest circulation newspaper said on Tuesday, without identifying the buyer.
In its bid to beat a sluggish market, country's largest two-wheeler maker Hero Honda is introducing three new variants of its entry level and executive segment bikes priced between Rs 35,800 and Rs 55,450 (ex-showroom Delhi).
Honda, the Japanese carmaker, made its strong presence felt with the launch of new models and concept cars in the 2014 Auto Expo.
To sell its 26 per cent stake to the Munjals for $1.2 billion.
Hero Honda Motors, India's biggest motorcycle maker, has scaled up sales target by 20 per cent this fiscal and will launch a motorcycle in the last quarter of 2004-05, a top company official said on Friday.
If Honda is unleashing premium bikes to take on Yamaha, the latter is getting into scooters.
Japan's Honda Motor Co, the world's top motorcycle maker, said on Tuesday it will renew for 10 years a pact to supply technology to its Indian joint venture company Hero Honda when the current agreement expires in 2004.
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.
Hero Honda Motors, the country's largest motorcycle maker, has expressed confidence of maintaining its industry leadership by achieving double-digit growth in volume and revenue and much higher growth in profits during the next three years.
Honda Motorcycle and Scooter India Pvt Ltd, 100 per cent subsidiary of the Honda Motor Company, will launch its MotoGP edition motorcycle in the country next month, a top company official said.
India's largest two wheeler-maker Hero Honda will pay Honda 45 billion yen (about Rs 2,4.5 billion) till 2014 as part of a new licencing agreement signed between the Hero Group and the Japanese auto major after deciding to part ways on their joint venture.
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.
Honda Motorcycle & Scooter India (HMSI), the wholly-owned two-wheeler subsidiary of Japan's Honda Motor Company, on Wednesday launched its new 'Aviator' model scooter with 15 per cent increased fuel efficiency, in Mumbai.The ex-showroom price is Rs 50,410 for its deluxe model and Rs 45,180 for its standard model.
"We will manufacture 100 HondaJets every year beginning in 2010. We will sell them in the US, European, Canadian and Mexican markets," Honda Motor Company general manager (overseas operations, Asia and Oceania) Satoshi Matsuzawa told PTI. Earlier in 2007, the company had announced an investment of $40 million for constructing the new headquarters and hangar, and another $20 million for equipment.
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.
The investment will allow the plant, which currently builds car parts, to produce full vehicles.
Power window switch can catch fire.
Japanese auto giant Honda on Thursday said it will set up a third two-wheeler manufacturing facility in India at Narsapuram, in Karnataka, with an installed annual capacity of 12 lakh units by 2013.
In a relief to two-wheeler major Hero Honda Motors, a tax tribunal has ruled in favour of the company in a case filed by the Excise department for alleged duty evasion to the tune of Rs 2 crore (Rs 20 million).
Japanese auto major Honda on Monday said it will recall 72,115 units of its mid-sized sedan City in India to replace defective power window switches as part of a global exercise.
Japan's Honda Motors on Wednesday unveiled its second bike -- 125-cc 'Shine' -- in the Indian market and said it will invest Rs 400 crore
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 on Tuesday reported an impressive 58.5 per cent per cent sales growth to 1,827 units in November 2003 over 1,152 units in the same month last year.
Honda BR-V will be launched in India this year.
While petrol starts at Rs 499,000 and goes up to Rs 760,000, the diesel variant is priced between Rs 599,000 and Rs 760,000.
Honda, the largest manufacturer of two-wheelers in the world, unveiled its Unicorn model, its first motorcycle to ever enter the Indian market.
Spiralling car loan rates continue to dent the passenger car market, as Tata Motors, Hyundai and Honda Motors reported slower sales in July over that in the corresponding month last year.
Hero Honda Motors, the country's largest motorcycle maker, on Friday said its sales rose by a modest 4.9 per cent in July 2003 to 143,141 units from 136,360 units in the same month last year.
The group also said that the company's operations in India - Hero Honda Motors - would establish its third plant in 2006.
The country's largest bike maker, Hero Honda, on Thursday said the launch of the Rs 1 lakh car 'Nano' will not have any impact on the two-wheeler industry.
Hero Honda Motors on Thursday launched a restyled version of the 135cc motorcycle Ambition to further boost sales in the premium motorcycle segment.
Honda manufactures cars at a facility in Greater Noida in Uttar Pradesh.
To develop a series of motorcycles for the 250-500 cc segment
Japan's Honda Motor Co will introduce a premium hatchback in the Indian market in the next 2-3 years as it eyes sales of 1.5 lakh units by 2010, a senior company official said on Tuesday.
Hero Honda Motors on Friday said its motorcycle sales surged by 21 per cent in October 2003 to over 200,000 units from 165,066 units in the same month last year.
Hero Honda Motors on Wednesday said its motorcycle sales have jumped 17.6 per cent in September to 157,583 units, which it plans to increase to over 200,000 units in this month.
Toyota Kirloskar Motors and Honda Motors have announced plans to launch a small car in India.
