The models of the company include flagship sedan City, hatchback Jazz, premium sedan Civic and sports utility vehicle CR-V.
"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.
Honda Siel Cars India unveiled on Friday sports utility vehicle 'CR-V' as part of efforts to increase its topline by 50 per cent this fiscal.
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 Siel Cars India said on Wednesday it was planning to launch two models in India, including its popular hatchback Jazz, to mark the company's foray into small car segment in the country.
Honda Siel Cars India on Thursday launched an all-new mid-size car City as part of its strategy to increase turnover by 50 per cent this year and said study was on to launch a car in the volume-driven segment.
Honda Siel Cars India on Friday said its sales soared by 195 per cent in December 2003 to 2,760 units on the back of strong demand for the recently-launched all-new mid-size car City.
The company's largest selling sedan 'City' will be cheaper by Rs 19,000-Rs 21,000, while 'Civic' will cost Rs 29,000-Rs 31,000 less, an HSCI statement said. Top-end sedan 'Accord' will be cheaper between Rs 27,000 and Rs 28,000, it added.
Such a financial condition had impelled the management to expedite a board resolution for fresh infusion of equity capital through a rights issue.
Japanese auto major Honda has changed the name of its Indian operations to Honda Cars India Ltd following the break up of its joint venture with Usha International of the Shriram Group.
Honda had unveiled the concept of the vehicle at the Delhi Auto Expo this year and said it will be priced below Rs 500,000.
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.
"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 company is engaged in developing diesel engines back in Japan.
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 car will now be available between Rs 7.49 lakh (Rs 749,000) and Rs 9.89 lakh (Rs 989,000) -- ex-showroom, Delhi, a statement from Honda Siel Cars India said.
The company said its compact car Honda Brio will be launched as per the original schedule during the festival season this year.
The new Honda Accord will be available in three types -- Accord 2.4, Accord 2.4 Elegance and Accord 2.4 Inspire. The price of the vehicles start from Rs 16,49,000 (ex-showroom Delhi) and go up to Rs 18,14,000.
Sales of the CR-V have been falling in recent months with the company reporting sale of just one unit of the SUV in September this year.
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.
Japanese car giant Honda on Wednesday launched its much-awaited hatchback Jazz in India, priced between Rs 698,000 and Rs 733,000.
Japanese automaker Honda Motors is rolling out its small car in India by the last quarter of calendar 2009.
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.
Japanese car major Honda will be showcasing a series of new technology cars, including fuel-cell car 'Honda FCX' and hybrid car 'Honda Insight,' at the Auto Expo that kicks off in a few days in New Delhi.
In addition to the New Small Concept, the company will exhibit the CR-Z Concept 2009, a concept model for a new hybrid model, which was unveiled for the first time at the Tokyo Motor Show in October this year.
Honda Siel Cars India will increase the prices of its cars by up to Rs 354,000, owing to fluctuations in the exchange rate of the Indian rupee and Japanese yen against the US dollar.
The launch of two much-awaited compact cars of Honda and Toyota, scheduled to hit showrooms in a few months, may get reviewed as the two companies struggle with component supplies.
The company, which is now moving from being a premium brand to a mass market player through two launches in the small car segment in the next four years, hopes to cash in on Brand Honda's strong presence in the rural and semi-urban markets in India. Experts call it a gradual scaling up of the brand in the minds of the Indian consumers -- a strategy followed by the Japanese major in all parts of the globe.
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 Motor is working on a small car with 1.2 litre engine for the Indian market at its research and development facility in Japan.
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.
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.
Honda Siel Cars India on Tuesday launched a new CR-V, its premium SUV model, which will be costlier by at least Rs 250,000 than the existing one
"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.
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 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.
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