The company had sold a total of 2,32,497 vehicles in June 2021, HMSI said in a statement on July 1.
As Yoshida wrapped up his 30-minute presentation, the lights on stage dimmed and a glowing grille emerged from the shadows. The CEO raised his hands as a sleek, Sony-branded car rolled onto the stage. Like mobile phones during the past decade, “the next megatrend will be mobility,” Sony’s chief declared.
Honda, like bigger rival Toyota Motor, has been slower to shift to electric vehicles than global automakers and is under pressure from investors to make cars that are carbon-free and equipped with newer technology
Honda Cars India announced on Wednesday that it sold 8,188 cars in India last month. Last month, the manufacturer of City and Amaze shipped 1,997 units.
The automaker noted that hybrid technology is currently best suited for Indian conditions as it is not dependent on external charging infrastructure.
Shinji Aoyama, Honda's global head of electrification, told Reuters on Thursday the firm will introduce an electric mini commercial vehicle in Japan in 2024, built on a new small EV platform. This will be followed by full-size electric model in North America in 2026, on a new large platform.
The factory in the city of Suzuka will also slash its production by half for the month of April, expanding the scale of the cutback from an earlier announcement that it would cut back production by about a third.
Now, he’s backing that with numbers. Honda will spend 5 trillion yen ($40 billion) on its push into electric vehicles over the next decade to introduce 30 EV models by 2030 with production volume of more than 2 million vehicles a year.
The targets, laid out at a company presentation on Tuesday, mark a push by the automaker to ramp up in the fast-growing market for electric vehicles, where Japanese car makers have risked falling behind new entrants such as Tesla Inc, as well as traditional European and U.S. rivals.
The two companies said in a statement they would form a joint venture to develop and sell the electric vehicles this year and aim to begin selling the first model in 2025.
Honda's Saitama factory and two production lines at its Suzuka plant will see their production capacity cut by about 10% at least until early March, hit by the chip shortage and disruptions caused by COVID-19 lockdowns, the automaker said in a statement.
In recent months, several states including Karnataka, Gujarat, Maharashtra, Andhra Pradesh, Telangana, Punjab, and Tamil Nadu have invited Tesla to set up a plant in their respective states.
In a social media post, Domino's India said it is committed to the Indian market, "having called it home for more than 25 years, and has the utmost respect for the people, culture and spirit of nationalism of the country".
In a statement, Honda said SES planned to list on the New York Stock Exchange via a special-purpose acquisition company (SPAC) transaction, and that the Japanese automaker planned to buy about 2% of the listed company, SES AI Corporation.
Honda said its exports rose to 16,340 units during the period under review from 2,334 units in 2020.
The companies have been forced to take price hike, with substantial increase in prices of essential commodities like steel, aluminum, copper, plastic and precious metals over the last one year
The Japanese auto major aims to utilise 'Honda Mobile Power Pack e' (MPP e), its all-new portable and swappable batteries for the purpose.
'Picture abhi baaki hai', says Bajaj Auto managing director Rajiv Bajaj, adding that he would bet on BET (Bajaj, Enfield, and TVS).
Honda plans to add additional electric vehicle models as it aims to have sold a total of 500,000 electric vehicles in the United States by 2030, and to achieve 100% zero emission vehicles sales in North America by 2040.
The companies listed supply chain challenges, including the semiconductor shortage and possible COVID third wave, if at all it is there, as the biggest challenges that could have an adverse impact on the sector.
The Delhi-based carmaker had hiked prices in April and July this year.
HMSI, which is the country’s second largest two-wheeler maker with popular products under brands such as Activa, Shine and Unicorn, has not announced any EV plans thus far, prompting Honda’s dealers to raise questions
The petrol trims are powered by a 1.2 litre engine while the diesel variants come with 1.5 litre powertrain options.
With the model slated to debut on August 18, the company has initiated pre-bookings of the model at all authorised Honda dealerships across the country with a booking amount of Rs 21,000.
While the petrol variants of Amaze, Jazz, WR-V and City saw an increase of Rs 9,000 to Rs 16,000 some diesel versions saw a steeper hike