Honda Siel Power Products Ltd unveiled genset Honda Gen-X.
"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 Siel Cars India on Tuesday reported an impressive 58.5 per cent per cent sales growth to 1,827 units in November 2003 over 1,152 units in the same month last year.
Honda Siel Cars India unveiled on Friday sports utility vehicle 'CR-V' as part of efforts to increase its topline by 50 per cent this fiscal.
The models of the company include flagship sedan City, hatchback Jazz, premium sedan Civic and sports utility vehicle CR-V.
Honda Siel Cars India on Friday said its sales soared by 195 per cent in December 2003 to 2,760 units on the back of strong demand for the recently-launched all-new mid-size car City.
Honda Siel Cars India on Thursday launched an all-new mid-size car City as part of its strategy to increase turnover by 50 per cent this year and said study was on to launch a car in the volume-driven segment.
Honda Siel Cars India said on Wednesday it was planning to launch two models in India, including its popular hatchback Jazz, to mark the company's foray into small car segment in the country.
The company's largest selling sedan 'City' will be cheaper by Rs 19,000-Rs 21,000, while 'Civic' will cost Rs 29,000-Rs 31,000 less, an HSCI statement said. Top-end sedan 'Accord' will be cheaper between Rs 27,000 and Rs 28,000, it added.
Such a financial condition had impelled the management to expedite a board resolution for fresh infusion of equity capital through a rights issue.
Honda Seil Cars India on Thursday said it would invest Rs 200 crore (Rs 2 billion) in the next two years for indigenisation and aims a hefty over 65 per cent sales growth this fiscal.
The company said its compact car Honda Brio will be launched as per the original schedule during the festival season this year.
Accord has registered sales of over 25,000 units since its launch in India.
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.
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.
Sales of the CR-V have been falling in recent months with the company reporting sale of just one unit of the SUV in September this year.
Honda Siel Cars India is seriously considering Tamil Nadu and three other states for setting up its second India manufacturing facility, which will be producing small cars.
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.
Honda Siel Cars India on Tuesday launched a new CR-V, its premium SUV model, which will be costlier by at least Rs 250,000 than the existing one
With the expansion of its greater Noida plant almost complete, Honda Siel Cars India Ltd expects to enhance its production from 30,000 to 50,000 units a year.
It has lined up formidable product line.
Japanese auto major Honda Siel Cars India (HSCI), which recently forayed into the intensely competitive small car segment with the Brio, has brought an old hand on deck to grow operations aggressively in the Indian market.
Honda Siel Cars, India on Tuesday said it would be investing Rs 700 crore (Rs 7 billion) in the Indian market over the next five years.
Maruti Suzuki, riding on the success of models like Swift, Estillo and Dzire, posted a growth of 3.4 per cent over the same period in the previous fiscal.
The company is engaged in developing diesel engines back in Japan.
Japanese auto major Honda has changed the name of its Indian operations to Honda Cars India Ltd following the break up of its joint venture with Usha International of the Shriram Group.
Dynamics of auto business will change if the government ends diesel subsidy to passenger vehicles.
Finance Minister Pranab Mukherjee on Friday announced raising of excise duty to 12 per cent from 10 per cent at present.
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.
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.
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.
Honda Siel Cars India on Monday 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 said.
"In light of the recent devastating earthquake that hit Japan, causing massive damage to life and property, Honda Siel Cars India has postponed the Honda Brio India preview event scheduled to be held on March 17, 2011," the company said in a statement.
So, does the Brio live up to the hype, in the end? After this first-drive, I would have to answer in the affirmative.
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.
Japanese auto major Honda on Monday said it will recall 72,115 units of its mid-sized sedan City in India to replace defective power window switches as part of a global exercise.
Brio, cheaper City and Jazz and diesels could pave the way for growth in India.
New model will be powered by a 1.2-litre petrol engine.
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