Don’t miss the latest developments in business and finance.

Honda Motor

Japanese auto major Honda Motor Co Ltd on Wednesday announced top management changes in its Indian two-wheeler arm with the appointment of Tsutsumu Otani as the President, CEO & Managing Director of Honda Motorcycle & Scooter India. Otani, also a Vice President at Honda Motor Co., Japan, will succeed Atsushi Ogata, who returns to Shanghai, China as the Executive General Manager at Shanghai Branch, Honda Motor (China) Investment Co., Ltd with effect from April 1, 2023, the company said in a statement. In 2022 Otani was appointed as Executive General Manager, Shanghai Branch Honda Motor (China) Investment Co., Ltd. He started his career with Honda Japan in 1997 and held several leadership positions in the company's business in different global markets. Ogata had spearheaded Honda's Indian two-wheeler operations for three years. The company also announced the elevation of Vinay Dhingra, who was earlier Director General & Corporate Affairs, Strategic Information System and ...

Updated On: 05 Apr 2023 | 4:06 PM IST

Ohio's privatised economic development office has finalised an agreement with Honda to infuse USD 237 million into development of a massive battery plant project that the Japanese automaker plans to use to transform the state into its North American electric vehicle hub. JobsOhio posted details of the package of three grants on Wednesday. They include a USD 140 million economic development grant for the plant Honda is building jointly with LG Energy Solution of South Korea, a USD 10 million workforce grant for the project itself and USD 87 million to retool Honda's existing facilities. The money, payable over the next 10 years, comes on top of the approximately USD 156.3 million in tax incentives and infrastructure improvements that the state of Ohio is putting toward the project. Officials say the battery plant will be located in rural Fayette County, about 40 miles (64 kilometers) southwest of the state capital of Columbus. Honda and LG have agreed to create 2,527 new jobs and mo

Updated On: 09 Feb 2023 | 7:10 AM IST

Tata Motors saw its despatches jump 55 per cent to 46,425 units during the month

Updated On: 02 Dec 2022 | 12:06 AM IST

Hyundai Motor Group said on Tuesday it has signed an initial pact with car battery maker SK On to secure batteries for its dedicated electric vehicle (EV) plant in the United States.

Updated On: 29 Nov 2022 | 8:02 PM IST

Kia is one of the few unlisted global carmakers in India that saw a contraction in profits

Updated On: 24 Nov 2022 | 10:32 PM IST

Initial acquisition cost of hybrid models to be on a par with diesel ones

Updated On: 18 Oct 2022 | 12:11 AM IST

Sony Group and Honda Motor on Thursday announced the delivery of their first EVs from their joint new company in the US in 2026, and the pre-orders will begin in 2025

Updated On: 13 Oct 2022 | 6:48 PM IST

HPCL and Honda Power Pack Energy India Pvt Ltd, a subsidiary of Honda Motor Co Ltd (Honda), launched their first 'e:swap' station at HPCL's petrol pump in Bengaluru on August 6, the firm said.

Updated On: 10 Aug 2022 | 12:32 AM IST

The City e:HEV is the first car in the mainstream segment equipped with strong hybrid electric technology, the automaker said in a statement

Updated On: 04 May 2022 | 2:14 PM IST

Honda will be responsible for manufacturing the first model, while Sony will develop the mobility service platform

Updated On: 05 Mar 2022 | 1:36 AM IST

Western companies have spurned Moscow following the invasion, stopping sales in Russia and even saying they would exit investments there

Updated On: 02 Mar 2022 | 5:46 PM IST

The company's battery sharing service subscribers can avail services from the nearest battery swapping station to exchange discharged battery for the fully charged ones

Updated On: 02 Dec 2021 | 4:51 PM IST

Companies list a semiconductor shortage and possible third wave of Covid-19 as challenges that could hurt sector.

Updated On: 12 Sep 2021 | 11:20 AM IST

Honda Cars India on Wednesday said it has launched an updated version of its compact sedan Amaze in the country, priced between Rs 6.32 lakh and Rs 11.15 lakh (ex-showroom Delhi).

Updated On: 18 Aug 2021 | 3:47 PM IST

Honda Motor Co said late Tuesday that supply chain issues will force a halt to production at a majority of US and Canadian auto plants for a week

Updated On: 17 Mar 2021 | 8:51 AM IST

Honda Motor Co Ltd unveiled a limited batch of its flagship Legend sedan this week, becoming the world's first carmaker to sell a vehicle equipped with certified level 3 self-driving technology.

Updated On: 04 Mar 2021 | 9:40 PM IST

The firm said it will sell a limited batch of its flagship Legend sedan equipped with level 3 autonomous driving technology

Updated On: 04 Mar 2021 | 2:48 PM IST

Honda Motor Co Ltd on Thursday said it will sell a limited batch of its flagship Legend sedan equipped with level 3 autonomous driving technology that enables vehicles to navigate congested highways

Updated On: 04 Mar 2021 | 12:52 PM IST

Toshihiro Mibe, a research expert tapped president of Japanese automaker Honda on Friday, promised to steer the company toward new growth by focusing on ecological models and safety technology. Honda Motor Co. said Mibe replaces Takahiro Hachigo effective April 1, and subject to shareholders' approval at a meeting in June. I am going to build a house that is the future of Honda on the foundation of businesses that Mr Hachigo has worked so hard to create. And this building must have resilience, to withstand this once in a hundred years transformation, Mibe told reporters. Mibe stressed the automaker will be aggressive about developing and selling electric vehicles. Mibe, who joined Honda in 1987, had been widely expected to take the top post, according to Japanese media. He was instrumental in further forging Honda's partnership with U.S. automaker General Motors Co. GM and Honda have had a relationship for two decades, centered around collaborating on fuel cells, batteries and ...

Updated On: 20 Feb 2021 | 2:17 AM IST

Japan's second-biggest automaker by sales will announce the decision after a board meeting as early as Friday

Updated On: 17 Feb 2021 | 1:10 PM IST