The joy that last month’s interim budget brought with it with the announcement of lower excise duties resulting in auto majors reducing car prices seems to be short lived. The recent announcement is that from as early as April, car prices from Mahindra & Mahindra, Tata Motors and Honda Cars India are set to increase.
Honda Cars India begins Tapukara production, HCIL target export turnover for 2013-14 is about Rs 350 crore
Tapukara, Feb 24, 2014: Honda Cars India Limited (HCIL), leading manufacturer of premium cars in India, today started the production of cars from its Tapukara Plant in Distt. Alwar, Rajasthan. Honda Amaze is the first car to roll out from the new plant.
Honda manufacturing operations in North America last week saw a new boost with production start at new Celaya plant, Mexico. 2015 Honda Fit ( Honda Jazz in India) production is underway to meet customer demand for fuel-efficient subcompact models here. Enrique Pena Nieto, president of Mexico, and Takanobu Ito, president & CEO of Honda Motor Co., Ltd. were in attendance.
Until recently, how Honda would improve vehicle delivery seemed a growing concern. That was back when HCIL production stood at 440 units a day. During the 4th gen Honda City unveil in November, Honda announced it had begun a 3rd shift, which would improve production capacity by 40%. This equates to just over 600 cars each day.
Honda City launch on 7th January has reaped in immediate benefits with 7184 units sold in a little over 3 weeks. In comparison, 2898 City units were sold in January 2013. Honda Cars India Ltd.
HCIL registered overall growth of 66% for April through December 2013 with 85,656 units sold as against 51,478 units sold during April – December 2012. HCIL registered overall growth of 47.21% for January through December 2013 with 107,661 units sold as against 73134 units sold during January – December 2012.
Honda Cars India has not stated anything officially about the launch date of their first diesel sedan for India, the Amaze. This Brio based sedan is expected to be launched in April 2013.
Honda Cars India 26.5% sales decline in February 2013. Exports during February 2013 totaled 510 units while total sales during the month totaled 6,510 units as compared to 8,856 units in February 2012.
Honda Cars India, the wholly owned subsidiary of Japanese car maker Honda Motors has reported a loss of Rs 604 crores for the fiscal year 2012. This is three times the loss, they registered in FY2011.