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.
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.
Honda Siel Cars India on Friday said it will hike the prices of its production models in India by next week, while a new version of its top-end model Accord is expected by the second week of January.
Passenger vehicle major Honda Siel India will launch the new version of premium sedan Accord by the next year.
Honda cars are likely to be dearer by two per cent or between Rs 14,000 and Rs 30,000 from next month.
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.
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.
With the central sales tax holiday enjoyed by it in Uttar Pradesh coming to an end, Honda Siel Car India has hiked the price across different models by up to Rs 5,000.
Car lovers who swear by the Honda badge will have to pay up to Rs 45,000 more, as Honda Siel Cars India Ltd is set to start charging central sales tax on its models since the tax holiday it enjoys in Uttar Pradesh is ending this month.
Honda Siel Cars India said on Friday it has hiked the price of its sedans by up to Rs 12,801 owing to increasing input costs.
At these high levels, remaining invested in the market is the best bet for small investors, says Ramesh Shrichand Damani.
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 Siel's mid-size car City, Ford's Endeavour sports-utility-vehicle and Bajaj Auto's Wind motorcycle bagged the top honours at the 3rd CNBC Autocar awards in New Delhi.
Honda Siel Cars India on Thursday said it was looking at scaling up its production in India up to 1,00,000 units in the next five years, while launching its new mid-sized sedan, Honda City ZX.
Honda Siel Car India has hiked prices of its 'City' and 'Accord' models following the announcement of a 2 per cent cess on all the major tax heads for education.
The 2-3 per cent reduction on the ex-showroom prices would be effective from Sunday, a company release said.
Honda Siel Cars India hopes to achieve a nearly 32 per cent rise in turnover this fiscal to Rs 1,500 crore (Rs 15 billion) on the back of increased volumes, company officials said on Tuesday.
The Competition Commission of India (CCI) on Monday slapped a penalty of Rs 2,545 crore on 14 top carmakers of the country for violating trade norms in the spare-part andafter-sale service market.
Turns down firm's plea for stay on CCI order; final order pending
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