HSCI has now appointed Seki Inaba the director (marketing) for the Indian market. Inaba, who takes over from Tatsuya Natsume, will be responsible for marketing, sales and after-sales initiatives of the company in the country.
Car maker Honda Siel Cars India on Thursday launched the third generation model of its Sedan, City, priced between Rs 7.7 lakh and Rs 8.9 lakh (ex-showroom Delhi).
Japanese auto major Honda Siel Cars India (HSCI), which recently forayed into the intensely competitive small car segment with the Brio, has brought an old hand on deck to grow operations aggressively in the Indian market.
In response to challenge from new diesel models in India's premium mid-size sedan car segment, Honda is developing a diesel engine for Honda City.
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 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.
"In light of the recent devastating earthquake that hit Japan, causing massive damage to life and property, Honda Siel Cars India has postponed the Honda Brio India preview event scheduled to be held on March 17, 2011," the company said in a statement.
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.
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.
Honda Siel Cars India has started training its sales force to counter the challenge of SX4, the sedan launched by Maruti Udyog on May 7.
It has lined up formidable product line.
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.
Honda has finally made its entrance into the country's competitive compact car segment, with the launch of the Honda Jazz. In Mumbai, Jazz standard will cost Rs 7.43 lakh (Rs 743,000), Jazz Mode Rs 773,000 (Rs 773,000) and Jazz Active Rs 778,000 (Rs 778,000).
Taking exception to an advertisement by Maruti Suzuki India in November last year in one of the newspapers published in Chandigarh, HSCI's notice said a comparison between SX4 and the new Honda City was made, which had 'given completely false figures of the new Honda City in order to show superiority of your product SX4.' The comparison relates to height and length of the new Honda City as well as the 'absence' of integrated stereo systems.
Honda Siel Cars India on Tuesday launched a variant of the sports utility vehicle 'CR-V' to tap the growing SUV market in India.
The new variant -- Exclusive -- of the Honda City will have many additional features vis-a-vis the regular one, such as leather seats and leather steering.
The 2-3 per cent reduction on the ex-showroom prices would be effective from Sunday, a company release said.
Accord has registered sales of over 25,000 units since its launch in India.
With the central sales tax holiday enjoyed by it in Uttar Pradesh coming to an end, Honda Siel Car India has hiked the price across different models by up to Rs 5,000.
Power window switch can catch fire.
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.
Honda Siel Cars India on Thursday said it was looking at scaling up its production in India up to 1,00,000 units in the next five years, while launching its new mid-sized sedan, Honda City ZX.
Carmaker Honda Siel Cars India on Thursday launched an advanced version of its premium sedan Accord with a 3.5 litre i-VTEC engine, priced between Rs 24.8 lakh (Rs 2.48 million) and Rs 25.35 lakh (Rs 2.535 million), ex-showroom, Delhi.
The other features of the CR-V such as 2.4 litre i-VTEC engine, Real-Time 4 wheel-drive, 6-speed manual and 5-speed automatic transmission with Grade Logic Control and drive-by-wire Throttle System remain the same as before.
The latest variant, called the V-grade Honda City, comes with new features such as five spoke alloy wheels, new front fog lamps, chrome door handles, sporty exhaust finisher and front and rear mud guards. It will be available both in manual and automatic transmissions.
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.
Honda, Toyota, Volkswagen stitch plans for country-specific mall car models. With India increasingly becoming the production and sales hub for all major car manufacturers, international giants like Honda, Toyota and Volkswagen are pulling out their drawing boards for an all-new India-specific car model.
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.
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.
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.
Honda Siel Cars India President and CEO Masahiro Takedagawa, in an interview with Business Standard, shares the company's India strategy, including the launch of hybrid technology (a first on Indian roads), small cars and outlook on diesel technology, an area where the company is losing ground to other auto majors. The company launched its 8th generation Accord today in Mumbai.
Finance Minister Pranab Mukherjee on Friday announced raising of excise duty to 12 per cent from 10 per cent at present.
New model will be powered by a 1.2-litre petrol engine.
Honda Siel Cars India is planning to source steel from India for its local operations and is in talks with Tata Steel. A Tata Steel spokesperson confirmed that the companies were in discussions. Currently, Honda sources steel plates from Thailand for its Greater Noida facility. Honda models, like the City and Civic, have 74 per cent localisation, while the newly launched hatchback, Jazz, has 77 per cent local content.
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.
Toyota and Honda of Japan, and the US auto major Ford are ramping up their sales and distribution networks as they gear up to launch small cars.
Dynamics of auto business will change if the government ends diesel subsidy to passenger vehicles.
Car-makers in India, who have been witnessing one of the slowest sales growth rates in over two years, said on Tuesday the Reserve Bank of India's decision to hike key rates will deal a further blow, as financing costs will rise.
Honda cars are likely to be dearer by two per cent or between Rs 14,000 and Rs 30,000 from next month.
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