Page 8 - Honda

Honda posts 5% rise in Feb sales; gains 1.4% market share

For the second month in a row after note ban, Honda Motorcycle & Scooter India (HMSI) today said its February sales grew 5 per cent to 3,69,865 units while the industry as a whole saw flat sales. This comes against a flat growth for the industry in the reporting month, while for the past three months, the industry sales have been contracting. This takes HMSI's year-to-date sales (domestic and exports) growth at 13 per cent, while for the industry this is only 5 per cent, HMSI said in a statement. HMSI also had lost sales in November and December following the note ban, but as the industry continued to decline, its market share in February rose to by 1.4 per cent to 27.2 per cent, the company added. This has had Honda emerging as the highest volume contributor to the industry throughout the year, with 24,150 units added in the overall two-wheeler industry, Yadvinder Singh Guleria, senior VP for sales & marketing said. While the industry exports fell 8 per cent YTD, Honda's

Honda's new City priced at Rs 8.5 lakh to battle it out with Maruti's Ciaz

City competes with Maruti Ciaz, which is available in a price range of Rs 7.86 lakh and Rs 9.96 lakh

Honda plans e-car venture with Hitachi

In pairing up with Hitachi, we're hoping to tap into its expertise in volume production: Honda

Honda raises full-year profit outlook on lower costs, weaker yen

The automaker expects to sell more than 5 million vehicles globally in the year through March

Honda to recall over 41,000 cars in India over faulty airbag

Of the 41,580 units being recalled, 32,456 units are City, 7,265 Jazz, 1,200 Civic and 659 Accord

Honda recalls 41,580 cars across various models in India

The recall is part of the Japanese auto major's global exercise to rectify faulty airbags

Honda adds 772,000 vehicles to ongoing air bag recall

Takata uses chemical (NH4)(NO3) to cause a small explosion designed to inflate air bags in crash

Despite 24% fall in Dec, Honda closes 2016 with highest sales

However, its December sales fell 24.4 per cent to 2,31,654 units from 3,06,585 units due to note ban

Japanese firms rule a third of two-wheeler market

Honda has grown from 15% in FY12 to 27% now; Yamaha has doubled share to 5% in five years

Honda to hike car prices by up to 3% from January

The increased price will be effective from first week of January 2017

Ride-hailing battle gets tougher as Honda invests in Grab

Honda has invested in Grab to promote motorbike safety, efforts to reduce traffic and congestion, reports Tech in Asia

Honda begins two-wheeler exports from Gujarat plant

Sends first consignment to Sri Lanka from Mundra port

Honda plans more products for India, new SUV on radar

In April-September this financial year, the company's domestic sales were down 23 per cent at 74,855 units

Honda,Yamaha explore collaboration for small scooters in Japan

Honda will begin supplying 50 cc scooter models to Yamaha as an OEM that are developed based on its TACT and Giorno 50 cc scooter models

Demand crunch puts brake on Honda Mobilio's production

Discounts ranging between Rs 50,000 to Rs 1,00,000 are being offered on Mobilio presently to get rid of existing stock

Tax rates limiting best-selling cars rollout in India: Honda

The company's Indian arm, Honda Cars India Ltd (HCIL), expressed concern over lack of clarity on GST rate

4th generation Honda City sells over two lakh units in 32 months

Honda Cars India has two manufacturing facilities in Greater Noida in UP, and Tapukara in Alwar district of Rajasthan

Honda two-wheeler ties up with HDFC Ergo to insure vehicles

Customers will get 40% saving on their insurance premium and near cashless claim settlement

Honda exhausts new capacity at Gujarat plant

Honda has the capacity to manufacture 5.8 million motorcycles and scooters annually in the country

India becomes Honda's biggest 2-wheeler market

With 1.23 million units sold in April-June quarter, it beat the Indonesia market