It is the global leader in car sales but in India, is a distant fifth.
The company has capacity to manufacture 310,000 units annually.
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.
Experts suggest that it's best to go for the bundled product that has only one-year own damage cover.
The strong domestic growth for new vehicle sales during 2008-12, which witnessed a compounded annual growth rate of 14 per cent, led to an increased inventory of used cars, thanks to trade-ins.
Unless the model is being phased out or is expected to get a facelift, buying in December makes sense
Customers would not have to pay for the additional repairs to their Brio, Amaze or CR-V, built between September, 2011 and July, 2014, recalled by Honda Cars India to replace faulty airbags.
Exports in August were up 10.3 per cent to 12,472 units from 11,305 units in the same month of previous year.
Country's largest carmaker Maruti Suzuki India (MSI) on Monday reported 8.7 per cent increase in total sales in February.
Maurti and Hyundai recorded jump in sales in May.
During September, Maruti said it dispatched 1,375 units of the soon-to-be-launched sedan Ciaz.
Buoyed by strong sales, Maruti Suzuki, Hyundai and Honda have scaled up their annual targets, but others are still stuck in low gear
About two dozen car & SUV models and two-wheelers lined up for launch
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
MSI said compact sedan Dzire Tour stood out as sales rose by over two-fold during the month under review to 3,370 units as against 1,299 in July 2014.
One of the smallest players in India's car market, it is banking on new-look Etios to make inroads into the personal vehicle segment
US stocks rose more than 1% on Tuesday, with the S&P 500 coming less than 2% below its record peak set last month.
2015 will witness exciting new car launches that will prompt you to buy at one of them.
Maruti sold 191 units of SX4 sedan in January 2014.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
Summary of sports events and persons who made news on Thursday
Increase in taxes on luxury cars will not have any effect on the demand
The December elections in Delhi will be the first real test for the Aam Aadmi Party. Manavi Kapur spends a day shadowing its leader on his campaign
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
The price differential between diesel and petrol has narrowed. But there are still enough reasons to opt for the diesel variant.
It's not easy to ignore the newspaper ads with Diwali offers.
In this industry, a company's strategy needs to be adaptable in order to keep up with the pace of change.
From a Rs 9-lakh Maruti to a Rs 2 crore-Nissan, Indian auto industry packs quite a surprise for car buyers
India Inc has few leaders who are likely to grab headlines in 2015.
