While luxury car market is gradually growing in India, premium offering from volume makers are extremely stagnant and facing extinction, overpowered by those above as well as to SUVs in their price range. Honda Car India was an early victim of this phenomenon, but is crouching to pounce back.
Honda Cars India has opened its 200th dealership in India, Metro Honda in Secunderabad. Metro Honda, was inaugurated by Hironori Kanayama, President and CEO, HCIL.
Honda Cars India Ltd. (HCIL) reports monthly domestic sales of 15,015 units in September 2014. This equates to 45% domestic sales growth over 10,354 units sold in September 2013.
Mumbai: Honda Motor Company in India has announced its contribution of Rs 3 crores towards Jammu & Kashmir relief and recovery efforts. The contribution is in the hope of providing relief and rehabilitation for those affected, and reconstruction of areas devastated by floods and landslides this month.
Honda Motorcycle & Scooter India has signed a Memorandum of Understanding with Punjab National Bank for attractive retail finance to its customers. Mr. S. S Bhatia (General Manager â€“ Retail Assets Division) and Mr. Yadvinder S. Guleria (Vice President â€“ Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd.) were present to sign the MoU.
Jodhpur: Honda Cars India Ltd. (HCIL) has initiated its â€˜Longest Drive through Amazing Indiaâ€™. No prizes for guessing it’s a Honda Amaze journey. The celebration drive kicked off in Jodhpur, and will entail a distance of over 23,000 Kms across India culminating at Greater Noida.
Honda Cars India, the fastest growing car company in the country currently, has some exciting new products in pipeline. But, with their existing plants running to capacity, it will be difficult to cope with the rise in demand which is expected once new products are launched.