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Honda Motors sued over false advertising

Heather Peters, dissatisfied with the settlement received from cases filed against Honda over false advertising with regards to gas mileage has approached the small claims court to seek further redressal. This is going to be something Honda will find too costly. Peters found that Honda Civic Hybrids did not match the company promise where gas mileage was concerned and has hence decided to take further... 

Honda Motors sales in China dip in November 2011

Though Honda has various joint ventures in China, their sales for the month of November have taken a beating as sales have dropped by 3.3% in the month of November 2011 as against a similar period in the previous year. Sales of Honda vehicles were at 58,228 units for November. However, it must be taken into account that the company had a comparatively bad year with a number of natural calamities that... 

Honda bets big in compact cars and diesel engines for Indian car market

Honda Motor Co is staying true to developing small compact cars and diesel engines to meet specific Indian auto market demands. Chief Officer (Development Operations), and Honda R&D Co (Automobile R&D Center) Managing Officer, Yasuhisa Arai had this to say. "We are aware of the petrol price increase in India but we consider that as a sign of growth in the Indian market... definitely we are... 

Honda Motors granted 8 month import duty waiver by Thailand government

An 8 month waiver on import tariffs on both, machinery and complete built up units was offered to Honda on Tuesday by Industry Minister Mr. Wannarat Charnnukul of Thailand. This will be in effect from October 25th to June 30, 2012. This new waiver will include only imports to break even losses suffered by Honda Motors during the recent floods in Thailand. Further details would be informed to the company... 

Honda Motors has stock of spare parts till end of the month

Severe flooding and other calamities in Thailand have resulted in decreased supply of spare parts to the auto industry.Honda Motor Company relies on supplies of their auto parts from Thailand and due to this shortage has only got spares to last them till end of this month. Honda Siel Cars India Limited has to import their spares from Thailand.  Large scale flooding has necessitated the Japanese company... 
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Honda Motors says From Russia with Love with talks of first assembly plant

Honda Motors has plans to set up its first assembly plant in Russia as per the Nikkei Business Daily.  One of Japan's top auto manufacturers, Honda is now eyeing Russia to expand its assembly operations. An investment of several billion Yen is being planned for this assembly plant which will see an annual production of 30,000 to 50,000 units.  Plans have been submitted to the Government of Russia... 

Honda Motors to increase motorcycle dealerships and service centers in India

In a bid to augment sales, Honda Motor Company, a world number one in manufacturing motorbikes is all set to increase its dealership network and service stations by 25% along with introduction of newer models in the India. The company with its head office in Tokyo is likely to add a 100cc bike during early 2012 and is predicting overall sales to be around 2.1 million units.  This was elaborated on... 
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Honda price reduction to make up for lack of diesel variants in Indian car market: June Quarter 2011 Analysis

Prior to debating Honda Motors price reduction announcement it's important to analyze what has fuelled this move. A year on year comparison of sales figures for Honda Motors from March-June 2011 reveals no growth but rather a significant loss but does justify the Honda City price reduction announced in May 2011. March 2010 saw Honda Siel Motors India sell 3,576 cars, down from 5,928 sold in March 2010,... 

Honda Motors third plant coming up in India in next two years

Honda Motors is all set to construct their third plant in India.  Expected to be completed in the next 24 months, this set up will be capable of bringing out over 1.2 million two wheelers per year.  Honda Motors has invested a sum of Rs.1 crore for the plant which is coming up in Narsapuram in Karnataka and will increase capacity to 4 million by 2013. Another unit of the company based in Tapukara... 
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Honda Motors will operate at 50% of its production in India

As per a statement given by Mr. Jnaneswar Sen, Senior Vice President Marketing and Sales of Honda Siel Cars India Limited, Honda Motors of Japan is reducing production of its cars by 50% in India due to the natural calamities that struck Japan last month.  This has led to a shortage in supplies of spares and motor parts. Come May, and the company will work in single shifts and this temporary situation... 
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