Japan's Honda Motor Company on Wednesday renewed its technical collaboration agreement with Hero Honda Motors for ten years.
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.
Led by Tata Motors and Tata Consultancy Services (TCS), the combined revenue of the Tata group's listed firms crossed the Rs 10-trillion mark for the first time, in 2022-23. The group's 14 key listed companies in which Tata Sons holds a direct equity stake reported a combined revenue of Rs 10.07 trillion in FY23, up 15.3 per cent from Rs 8.73 trillion in FY22. The combined net profit of these companies was, however, down 10.6 per cent year-on-year (YoY) at Rs 66,670 crore in FY23, from a record high of Rs 74,540 crore in the previous financial year, when the profit had jumped 156 per cent YoY, aided by Tata Steel's strong showing.
Significant market size in these countries would help in biz expansion
Japanese major's idea part of strategy to double sales in emerging markets by 2017.
The company has sold 2.37 million units till February.
It has sought the permission of the Foreign Investment Promotion Board to start single-brand retail outlets.
The task of usurping three leading brands is far from easy. However, Amaze has shown it can be attempted.
Media report says unfavourable excise structure, large investments are the main reasons
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.
India has seen multiple instances of termination of agreements in joint venture contracts, most of which were formed in the early 1980's.
HMSI is now planning to introduce a 200cc bike that would battle with Hero Honda's Karizma and Karizma ZMR.
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.
Honda Motorcycle & Scooter India (HMSI), the wholly-owned two-wheeler subsidiary of Japan's Honda Motor Company, on Wednesday launched its new 'Aviator' model scooter with 15 per cent increased fuel efficiency, in Mumbai.The ex-showroom price is Rs 50,410 for its deluxe model and Rs 45,180 for its standard model.
Hero Honda, India's largest two-wheeler maker, could see a change in ownership as the Delhi-based Munjal family seeks to buy the stake held by partner Honda Motor Company of Japan in the joint venture. The Indian promoters are reportedly talking to private equity (PE) players to raise the money needed to buy the 26 per cent stake held by Honda Motor.
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.
"We will manufacture 100 HondaJets every year beginning in 2010. We will sell them in the US, European, Canadian and Mexican markets," Honda Motor Company general manager (overseas operations, Asia and Oceania) Satoshi Matsuzawa told PTI. Earlier in 2007, the company had announced an investment of $40 million for constructing the new headquarters and hangar, and another $20 million for equipment.
Honda Motorcycle Scooter India, a 100 per cent subsidiary of Honda Motor Company, Japan, will launch a slew of high-power premium bikes in India, the first of which will debut by March next year, according to company executives.
The company is on the lookout for the possible locations for setting up the greenfield plant.
Japanese automaker Honda Motors is rolling out its small car in India by the last quarter of calendar 2009.
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.
Striking workers of Honda Motor Company will resume duty from Monday after their agreement with the management late on Friday night and have promised that they would not be making any fresh demand to the company for a one-year period.
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 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.
'What volumes will we have with a Rs 1 lakh product?' 'As a company, we will not restrict it to a segment.'
There are a whopping 10 sedans slated for a launch in India this year. Rajesh Karkera/Rediff.com gives the lowdown.
The vehicles affected by the recall are manufactured between September 2011 and July 2014.
Industry watchers attribute a lot of the current successes of the $6 billion Hero Group to how B M Munjal planned and executed succession in HeroCorp, balancing the interests of other family-owned businesses.
Honda cars has strengthend market share in India in the past five years.
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