Unlike many business heads, Hironori Kanayama is surprisingly optimistic about the latent potential of the Indian market and predicts that a turnaround is imminent.
Hero MotoCorp, India's largest two-wheeler maker, has seen a decline in its market share in rural areas since 2018, losing ground to major competitors such as TVS Motor Company, Bajaj Auto, and Honda Motorcycle & Scooter India (HMSI), according to data from JATO Dynamics reviewed by Business Standard. Hero's share of rural two-wheeler sales in India has dropped from 40.4 per cent in 2018 to 33.3 per cent in 2023. In contrast, Bajaj's share increased from 12.7 per cent in 2018 to 13.9 per cent, HMSI's from 21.8 per cent to 22.2 per cent, and TVS' from 15.5 per cent to 17.8 per cent. Suzuki Motorcycle India has also seen its share rise from 1.7 per cent to 2.5 per cent.
The two car companies have one of the most prominent hatchbacks in the premium segment namely, Maruti Swift and Honda Jazz.
In a relief to the management of Honda Motorcycle and Scooter India (HMSI), which is facing labour unrest, a civil court in Gurgaon has ordered the local administration, including police, to evict striking contract workers.
The Haryana government has facilitated an agreement between the agitating workers and the management of Honda Motorcycles and Scooters India Limited, Haryana Chief Minister Bhupinder Singh Hooda said late on Friday night.\n\n
Passenger vehicle sales are expected to experience muted growth in the current financial year.
Is it all new? No it is a cosmetic upgrade in reality
Honda Cars India has launched the special edition of its compact sedan Amaze to mark the first anniversary of the car in the Indian market.
On December 16 last year, Hero Honda informed the stock markets that the partnership was over and Honda would soon exit the company.
Buoyed by a robust growth in Indian market, two-wheeler maker Honda Motorcycle Scooter India (HMSI) is planning to set up a second manufacturing unit as it expects sales to cross the 1.2 million units per annum mark by March 2011.
Keisuke Honda announced his retirement from international football following Japan's elimination from the World Cup at the hands of Belgium on Monday night.
Here are the 160R's pros and cons to help you make up your mind.
After successfully marketing the state to American auto giant General Motors and German automaker Volkswagen, the Maharashtra industry department now wants Japanese auto major Honda to come to the state.
The most fun vehicle to drive of the three is the Verna. It also has the most powerful engine.
Swift Dzire has clocked 2.5 million in sales, and you might, in a non-too-distant future, see headlines that the DZire has done 3 million as well, observes Suveen Sinha.
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.
India's luxury car rental market is experiencing a surge in demand, particularly in Tier 1 cities such as Mumbai, Bangalore, and Delhi, with executive travellers, especially from the tech sector and younger demographics like the millennials and the Gen Z, increasingly renting high-end vehicles for special occasions and domestic travel. Luxorides, a luxury car rental company, observed a 40 per cent year-on-year rise in bookings in 2024 (until April) on popular routes like Delhi-Rishikesh, Delhi-Vrindavan, and Delhi-Jim Corbett National Park, as well as Chandigarh-Manali and Chandigarh-Ladakh.
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.
Hero Honda Motors is planning to enter the scooter market with its first launch slated for year-end.
Honda aims to sell 3 lakh units by 2017 from 1.34 lakh units achieved in 2013-14.
Honda Cars India Ltd is looking to hike prices of its entire product range in the country from the first week of January as it aims to partially offset the effects of adverse exchange rate and inflation.
Flamboyant Indian business tycoon Vijay Mallya is pitched against Mexican billionaire and one of the world's richest persons, Carlos Slim Helu, among others for buying the Formula One team of Japanese auto giant Honda, a report said.
Stalemate at Hero Honda's Gurgaon plant continued as the company held talks with striking contractual workers to end the impasse that has brought production to a halt since Monday morning.\n\n
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.
Honda Motorcycle & Scooter India (HMSI) today launched a new variant of its 150 cc bike - CB Unicorn Dazzler, priced up to Rs 66,198 (ex-showroom, Delhi).
Honda manufactures cars at a facility in Greater Noida in Uttar Pradesh.
Honda, the largest manufacturer of two-wheelers in the world, unveiled its Unicorn model, its first motorcycle to ever enter the Indian market.
Passenger vehicle major Honda Siel India will launch the new version of premium sedan Accord by the next year.
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.
Motorcycle production has been suspended at the Manesar plant of Honda Motorcycle and Scooter India, which is in the midst of a major labour unrest.
The price tag ranges from Rs 5.3 lakh to Rs 8.59 lakh
Honda Siel Cars India on Tuesday launched a variant of the sports utility vehicle 'CR-V' to tap the growing SUV market in India.
Honda has decided to price the small car below Rs 500,000 to be able to compete with Maruti Suzuki Swift and Hyundai i20.
The models of the company include flagship sedan City, hatchback Jazz, premium sedan Civic and sports utility vehicle CR-V.
Likely to go on sale in May, this bike may come with a starting price tag of Rs 75,000
Which car is better? Honda City Automatic or Volkswagen Vento Automatic? Honda City has been the favourite of the lot so far, but will the build quality and ride and handling capabilities of the German car manufacturer overthrow the current champion? Let us find out.
