The recall, announced by Honda Motor Co today, is the latest of many such recalls over inflators that may explode with too much force.
Major car makers like Hyundai and Honda are re-working their strategy to meet the demand for more petrol vehicles.
Total sales of the six largest two-wheeler makers -- Hero, Honda, Bajaj, TVS, Royal Enfield and Yamaha -- rose by 1,47,411 units to 17,22,265 units in May, of which HMSI alone accounted for 69,191 units, or 47 percent of the total incremental volume.
After three years of supernormal profits on the back of a weaker currency, Toyota Motor, Nissan Motor and Honda Motor now face a reality check as the yen has turned around.
Two-wheeler major Honda Motorcycle and Scooter India has set a target of over 20 per cent sales growth this fiscal as it hopes to banish the long waiting period for its flagship Activa scooter with the commissioning of the second line at its Gujarat facility.
Honda Motor will recall an additional 20 million Takata-made airbags globally, a newspaper said today, in a widening scandal that has led to the biggest auto recall in US history.
On this episode, we check out the all new Toyata Innova Crysta and pit it against its closest rival. Also on the show, we drive Honda‘s first compact SUV, the BRV.
The report by the Swiss brokerage Credit Suisse further says that market leader MotoCorp will have the lowest volume growth while TVS will have maximum earnings disappointment due it its stretched valuations.
About 30,000 rescue workers were scouring the rubble for survivors and handing out food to those unable to return to their homes, after the quakes struck Kyushu island from Thursday. The biggest hit near Kumamoto city early Saturday.
The recalled vehicles were manufactured from August 2013 through February this year. The Fit were recalled for both problems, but the Vezel did not have the steering problem.
CredR, an online marketplace for pre-owned two-wheelers, has tie-up with Honda Motorcycle and Scooter India (HMSI) and aims to set up 100 hyper-local bike exchange points across key markets in the country.
The Japanese major entered India 32 years ago and now has nine manufacturing units and seven companies, employing over 4,000 people. It claims over 60 per cent market share car components in the country and also serves heavy vehicle-makers as well as the Railways.
The commitment by 20 automakers, representing more than 99 percent of the US auto market, will make the safety technology a standard feature on cars and light trucks no later than late 2022, the National Highway Traffic Safety Administration (NHTSA) said.
The company's premium hatchback Swift was the second best-selling model with 14,057 units compared with 19,669 units in the same month last year.
At present, HMSI manufactures 46 lakh two-wheelers, including bikes, in three of their plants annually. With this new plant, its total two-wheeler production capacity in the country will increase by 26 per cent to 58 lakh units by the end of this year, Sridhar added.
"Gujarati diaspora is present in huge numbers abroad and is always ready to invest in growth of the state. To institutionalise this, we have decided to start foreign desks in international cities of New York, Frankfurt, Dubai, and Tokyo," Patel said while speaking at 'Gujarat Investor Summit' during the ongoing Make in India week in Mumbai.
Speaking of infrastructure, the outlay in Budget 2016 is a big concern for companies making medium and heavy commercial vehicles, especially if they are to repeat the 30 percent volume growth clocked in 2015, or push 2016 sales to a five-year high above 240,000 units
The 1,000-unit per annum domestic super premium bikes market is dominated by the American Harley Davison, the Japanese Honda and Yamaha and Suzuki, and also the European brand Triumph.
The documents, posted today on the National Highway Traffic Safety Administration website, said Continental will notify automakers, who will recall cars dating as far back as 2006.
The recall is a big chunk of the 5 million additional vehicles to be repaired for Takata inflator problems that US safety regulators announced last month.
The company currently enjoys 17 percent of the scooters market, dominated by the Japanese brand Honda, and under 14 percent in the bikes space dominated by the HeroMotorCorp and Honda again
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On volatile commodity prices, Agrawal says crude prices have to stabilise first for other commodities as well to settle down.
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