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 company plans to ship 1,600 unit of the hatchback by then of this financial year.
Honda Car India is planning to increase prices of its vehicles by up to Rs 6,000 from April to offset the impact of adverse exchange rate that has resulted in higher input costs.
Hero Honda is being egged on by the government's "unannounced concessions" in its 10-year vision statement, the Automotive Mission Plan, which envisages the development of low-cost vehicles.
Honda had unveiled the concept of the vehicle at the Delhi Auto Expo this year and said it will be priced below Rs 500,000.
Auto major Honda Siel Cars India Ltd on Wednesday said it will increase prices across all models from April 2 since the sales tax holiday it enjoys in Uttar Pradesh, is coming to an end.
Former MotoGP rider Capirossi pleased with BIC ahead of inaugural race
The HMSI Employees Union has demanded basic pay increments of Rs 15,000 for permanent workers, Rs 10,000 for contract workers and Rs 4,000 for apprentices.
Honda Cars India Ltd would be able to manufacture only 4,000-5,000 units of Amaze per month this year as its limited by the current production capacity, company's senior vice-president (sales and marketing) Jnaneswar Sen said at the car's launch in the city.
This can spark off a price war.
Keisuke Honda carried Japan to their first World Cup finals victory on foreign soil when he scored the goal which beat Cameroon 1-0 in a Group E match on Monday.
Reliable sources said it is only a mere ending of cross holdings in the companies in order to keep the businesses running smooth when it will be handled by future generation.
Honda Motorcycle & Scooter India Pvt Ltd (HMSI) will set up its second plant in Rajasthan at an investment of Rs 1,100 crore (Rs 11 billion) with an installed capacity to produce 12 lakh units per annum.
Production at the two-wheeler major Hero Honda's plant in Gurgaon was severely hit following a strike by contract workers, demanding regularisation of services and higher pay, even as talks were on to end the agitation.
Hero Honda, the motorcycle market leader, on Thursday tied up with Punjab National Bank to provide low interest loans to its customers.
Due to the continued pressure of high costs, Toyota is considering a price increase of up to 3 per cent across models with effect from January.
Power window switch can catch fire.
The upgrades include features like driver seat height adjuster and rear windshield defogger.
Pressure is mounting on Honda Motorcycle and Scooters India, India's fourth biggest two-wheeler maker by volume, to resume normal supplies of scooters and motorcycles to its dealers, who are forced to ask customers to wait for up to four-five months for delivery.
Hero Honda announced on Monday the launch of its fuel-injection technology motorcycle Glamour FI, whose prices start from the range of Rs 49,990.
In a relief to two-wheeler major Hero Honda Motors, a tax tribunal has ruled in favour of the company in a case filed by the Excise department for alleged duty evasion to the tune of Rs 2 crore (Rs 20 million).
India's largest motorcycle maker Hero Honda Motors Ltd said on Thursday it posted a net profit of Rs 581 crore (Rs 5.81 billion) for the year ended March 31.
Japan on Tuesday said the labour unrest at Honda Motorcycles and Scooters India could impact foreign direct investment inflows into India, but ruled out its intervention in the matter.
Stating that the plans for unveiling the vehicle are at the final stage, Mohindroo said, "the company would showcase the motorcycle in the Auto Expo 2010."
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.
Hero Honda, the world's largest two-wheeler company, is scouting for a partner for its proposed foray into the four-wheeler segment.
"Honda Jazz is very spacious and the flexibility inside the cabin makes it extremely versatile, while the new and punchy diesel heart comes at the right time," says Indian motoring website MotorBeam.
Hero Honda Motors on Monday said its motorcycle sales grew by 6.1 per cent in August to 145,730 units, from 137,264 units in the same month last year.
Japanese auto major Honda Motor Co will commence exporting bikes by next year from India, a country which it sees as a future global hub, particularly for mass market models.
A total of 15,623 Brios and 15,603 Amaze cars will be recalled
Built on the same platform as the new Honda City, Honda Jazz is modern and pleasing. The styling is not really revolutionary, but its razor-sharp edges give it a very modern look.
The potential for a petrol only, 5-seater, not-so-true off-roader is still a huge question mark.
India's largest motorcycle maker Hero Honda on Monday said its sales surged by 35 per cent to 195,000 units in January.
India's C Muniyappa, an unheralded golfer from Bangalore, upstaged stars like Arjun Atwal to enjoy a share of the halfway lead in the US$1.25 million Hero Honda Indian Open on Friday.
The company said it will use the vendor base of its two-wheeler business in India to make the car price competitive.
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