Battling culture differences, diverse communities, fending off competition while defending market shares is what this 52 year old Japanese Honda veteran of more than three decades has been busy with.
Last month, the company sold 396 units of small car Brio, 4,709 units of hatchback Jazz, 3,471 units of compact sedan Amaze, 441 units of MPV Mobilio and 8,037 units of the mid-sized sedan City.
The company, which has made India one of its global components export hubs, also sees 'ample room' of growth for export of cars from the country with increased competitiveness of finished vehicles produced there.
Buoyed by good sales in India last fiscal, Japanese carmaker Honda is confident of repeating the double-digit growth this year, pinning hopes on its soon-to-be -launched premium hatchback Jazz to add to the momentum.
Honda India's car sales multiplied 2.5 times over the past 3 fiscals, with double digit growth year-on-year.
Honda Cars India on Monday reported a marginal increase in its domestic sales at 13,431 units in May.
Honda Cars India has raised the prices of its entry level car Brio in the range of Rs 15,000 to Rs 18,000. Prices of compact sedan Amaze have been hiked in the range of 19,000 to Rs 26,000.
During 2014, the company recorded its highest ever domestic sales in a calendar year with 1,79,816 units, a growth of 67 per cent, from 1,07,661 units in 2013.
With the first time car owners in India turning more and more quality conscious there seems to be a shift in buyer interest towards higher-quality brands. Toyota and Honda with their premium quality offerings are now topping buy-lists
Honda Motor Co will spend Rs 2500 crore on a 1,20,000 cars-per-year plant in India, a senior executive said, as the Japanese carmaker looks to ramp up its activity in the country after splitting from its former partner.
Honda Cars India Ltd (HCIL) today eported 8.82 per cent decline in its domestic sales for March 2013 at 10,044 units. The company had sold 11,016 units in the same month last year, HCIL said in a statement.
Japanese car major Honda today said it will launch its first diesel vehicle in India next fiscal and it will be an entry-level sedan, named 'Amaze', developed on the platform of its existing small car 'Brio'.
Honda Cars India Ltd (HCIL) today reported an increase of 46 percent in its total sales for October at 8,085 units.
Honda Cars India, which today shipped the first lot of 390 units of its locally-made hatchback Brio to South Africa, said it may make the Noida facility as an export hub for some of the models. It rolls out around 2,500 Brios a month.
Honda Cars India today said it is targetting the Southern African market to push exports and plans to ship 1,600 units of the hatchback Brio by the end of this fiscal.
Honda Cars India today said it will raise prices of its three models -- Brio, Jazz and City -- by up to 2.6 per cent with effect from October 1, mainly due to rising input costs.
Honda Seil Cars Ltd (HSCI) today said it is aiming for a 10-15% growth in volume, mainly on the back of its new compact car Brio.
Honda Siel Cars India today said its primary focus will be the domestic market, but it does plan to export cars to Nepal, Bangladesh, Bhutan and Sri Lanka, a top official today said.
Honda Motor Co launched its small car Brio on Tuesday, as Japan's No.3 automaker seeks to expand in the most popular segment in the world's second-fastest growing car market.
After setting a scorching pace of 30% year-on-year growth in 2010-11 (April-March), auto sales, especially those of passenger cars, were expected to slow this year as loans became expensive, vehicle prices rose and fuel prices soared. However, what was expected to be a slow growth seems to have turned into de-growth.