Japanese automaker Honda plans to introduce over 10 new models, including electric vehicles and compact SUVs, in India by 2030, identifying India as one of its three key markets for future growth.
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.
Indian carmakers experienced a robust start to the new fiscal year, with an estimated 4.5 lakh passenger vehicles sold in April, marking a 27 per cent increase year-on-year, attributed to factors like GST 2.0, repo rate cuts, and income tax benefits.
The company is also in the process of introducing a new global brand identity in London next month.
India's largest motorcycle maker, Hero Honda Motors Ltd, launched its cheapest 100 cc motorbike yet on Wednesday, hoping to blunt competition from main rival Bajaj Auto Ltd.
The new bike, Splendor Pro, has features such as a power start and a new engine and comes in two variants, the company said in a statement.
Hero Honda Motors Ltd on Wednesday said it would pump in Rs 200 crore (Rs 2 billion) this fiscal for capacity expansion and new model launches, including its much-awaited scooter models.
Hero Honda Motors Ltd on Wednesday reported a 20 per cent growth in net profit for the quarter ended June 2004 at Rs 190 crore against Rs 158 crore in the corresponding period last year, buoyed by a 33 per cent surge in motorcycle sales volume.
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.
Mumbai Indians, finalists in last season's Indian Premier League, have a new sponsor in Hero Honda Motors Ltd, the world's largest two-wheeler manufacturer. The Mumbai players will sport the Hero Honda logo on the front of their jerseys in the fourth edition of the IPL.
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.
Atul Sobti, executive director of sales and marketing, Hero Honda Motors Ltd has quit, after completing over seven years in the company.
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.
The country's largest two-wheeler maker Hero Honda on Tuesday said its erstwhile Japanese promoter Honda Motor Co has exited the company completely after selling its 26 per cent stake to a group firm of the Indian promoter family.
Honda BR-V will be launched in India this year.
Hero Honda Motors Ltd, the world's largest two-wheeler manufacturer, has been named the title sponsor for the 2010 FIH men's hockey World Cup, to be held in Delhi in March. The announcement was made at a glittering ceremony on Monday, in the presence of International Hockey Federation president Leandro Negre, Indian Olympic Association president Suresh Kalmadi, Hockey India president A K Mattoo and the 1975 World Cup-winning members of the Indian team.
Two-wheeler major Hero Honda on Wednesday announced launch of its first scooter 'Pleasure' which would hit the market by mid November.
It has lined up formidable product line.
EBR that produces race-only machines for bikes may just help Hero MotoCorp Ltd. (formerly Hero Honda Motors Ltd.) to build a powerful range of bikes post its divorce with Honda Motors.
After termination of the joint venture with Honda Motor Corporation (HMC), the world's single largest two-wheeler manufacturer Hero Honda has begun scouting for partners globally to source technology and designing expertise.
Thirty stocks from various sectors form the Sensex.
Addressing a press conference before the launch of the bike, Deepak said Bhopal provides huge opportunity for expansion and the company is looking forward to introduce and promote its range of products in the city. With increased choices now available in the market, he said Indian youth today were actively on a look out for brands that have a high 'style and attitude' quotient.
Bajaj Auto said it was "concerned" that the Japanese auto giant Honda may have an "aggressive pricing strategy" with its planned entry into the country's motorcycle market in October. Bajaj also launched the CT 400 bike.
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.
These companies join the likes of other global firms Hyundai, Suzuki, Toyota, KFC, and Pizza Hut which have also apologised for social media posts by their business associates in Pakistan supporting Kashmir Solidarity Day following backlash in India and call for boycott of their products.
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.
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.
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 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
Honda also unveiled the all-new CR-V and Civic sedan as part of its plan to launch six new products in the Indian market over the next three years.
Honda Cars India is recalling a total of 1,338 units of its premium sedan Accord and sports utility vehicle CR-V manufactured between 2002 and 2003 to replace a faulty part in the passenger side airbags. The recall, which is part of Honda's global recall regarding the potential defect related to passenger air bag announced in June 2014, would cover 1,085 units of Accord and 253 units of CR-V.
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.
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.
Struggling Super Aguri confirmed Japan's Takuma Sato and Britain's Anthony Davidson as their 2008 drivers on Tuesday after agreeing to a takeover of the Formula One team. Super Aguri, who finished ninth overall last season, arrive in Melbourne with minimal pre-season mileage under their belts after taking part in just one full test since December while focusing on securing their financial future.
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