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's creation, a decade in the making, restores Japan's reputation as the most fanatical of mad inventors. The thousands of tiny movements the human hand instinctively makes to keep the broom upright are simulated in the U3-X by a lattice of motion sensors and Honda's new omni-directional wheel.
Japan's Honda Motor Co, the world's top motorcycle maker, said on Tuesday it will renew for 10 years a pact to supply technology to its Indian joint venture company Hero Honda when the current agreement expires in 2004.
At Rs 43,150, Dream Neo hopes to create deep inroads into the Indian commuter segment.
The workers were protesting against the suspension of 50 and the dismissal of four HMSI employees after a strike at the Honda plant in Manesar in Haryana.
The top end BR-V has been priced at Rs 12.90 lakh as opposed to Rs 14.43 lakh for Creta's top variant
The company is engaged in developing diesel engines back in Japan.
India's largest two wheeler-maker Hero Honda will pay Honda 45 billion yen (about Rs 2,4.5 billion) till 2014 as part of a new licencing agreement signed between the Hero Group and the Japanese auto major after deciding to part ways on their joint venture.
The FIA ban was the harshest action taken against a Formula One team for 20 years.
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.
Japanese auto major Honda Motor Co on Wednesday said it would locally produce and sell the popular 'Civic' model in India next year and would ramp up overall production capacity to 1,00,000 units by 2010 from the current level of 30,000 units.
BAR, runners-up to Ferrari in the championship last season, have yet to score a point in two races.
With the new CBR150R, Honda could boost sales but only if they price the bike aggressively, says Faisal Ali Khan of MotorBeam.com
American golf professional Jason Bohn suffered a mild heart attack after the second round of the Honda Classic at Palm Beach Gardens in Florida on Friday, according to PGA Tour officials.
British entrepreneur Richard Branson wants to take over Honda's Formula One team, the sport's commercial supremo Bernie Ecclestone said on Thursday. Ecclestone said it is now up to Honda to decide which path to follow.
British entrepreneur Richard Branson wants to take over Honda's Formula One team, the sport's commercial supremo Bernie Ecclestone told Reuters on Thursday.
Meanwhile, HMSI has raised its production capacity to 15 lakh units per year with the recent inauguration of its third assembly line.
Formula One champions Ferrari would be prepared to supply engines to whoever takes over the Honda team but nothing has been agreed so far, a spokesman said on Tuesday. The Brackley-based team, run by former Ferrari technical director Ross Brawn and chief executive Nick Fry, have said several 'global players' are interested without identifying any of them.
The company said its compact car Honda Brio will be launched as per the original schedule during the festival season this year.
HCIL will voluntarily replace airbag inflators of 2,23,578 vehicles of previous generations of CR-V, Civic, City and Jazz.
There are signs of Maruti taking Honda Mobilio seriously.
The newly-launched car is aggressively priced for the feature it offers.
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 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.
Hero Honda Motors, India's biggest motorcycle maker, on Wednesday said sales grew 31.5 per cent at 1,91,635 units in August 2004 over 1,45,730 units in the same month last year.
Honda's Otmar Szafnauer said Imola represented the first of several significant steps planned by BAR's Japanese engine partner this season.
Hero Honda Motors, the country's largest motorcycle maker, has expressed confidence of maintaining its industry leadership by achieving double-digit growth in volume and revenue and much higher growth in profits during the next three years.
HSCI has now appointed Seki Inaba the director (marketing) for the Indian market. Inaba, who takes over from Tatsuya Natsume, will be responsible for marketing, sales and after-sales initiatives of the company in the country.
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.
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.
Ruling out setting up its third plant in the near future, India's biggest motorcycle maker Hero Honda said on Thursday that production capacity was sufficient to clock double digit growth this fiscal.
Buoyed by growing sales and good monsoon, India's biggest motorcycle maker Hero Honda Motors is again considering setting up a third plant.
Two-wheeler giants and IPL associate sponsors Hero Honda on Wednesday rubbished media reports, which claimed that they have bought stake in Indian Premier League franchise Kings XI Punjab.
While petrol starts at Rs 499,000 and goes up to Rs 760,000, the diesel variant is priced between Rs 599,000 and Rs 760,000.
"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 has been ordered to pay 64,000 to an Indian worker who was forced to quit after suffering racial abuse at work. Shah took Honda to a tribunal that finally ruled in his favour despite an attempt by managers to falsify documents and training records in a bid to dispute his claims.
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