Economy

Toyota, Honda turn India into car production hub in pivot away from China

Highlights Japanese automakers invest billions in India to reduce China dependence India’s low costs and incentives attract Japanese carmakers Toyota, Honda, Suzuki expand production and exports in India Toyota, Honda and Suzuki are spending billions of dollars to build new cars and factories in India, a sign of the country’s growing importance as a manufacturing […]

Honda eyes comeback with revamped car fleet

TOKYO: After being on the fringes for years, Japan’s Honda is charting an aggressive comeback with the launch of as many as ten new cars, including seven SUVs.Honda Motor Co president and CEO Toshihiro Mibe is pivoting the automaker’s global strategy towards India, announcing a dedicated project team, a renewed EV and hybrid plan, and […]

Honda Motor to make India global mfg hub for new EV

TOKYO: Japanese carmaker Honda Motor will make India a global manufacturing hub for its upcoming electric, Honda 0 α (alpha), whose prototype was unveiled at the Japan Mobility Show.The car has been developed for the Indian and Japanese markets, apart from other Asian countries. Its India debut will be in fiscal 2026-27. Honda Motor Co […]

Enedym Inc. Secures Investment from Honda Motor Co., Ltd.

Business Wire India Enedym Inc. (“Enedym”), a technology company thatdevelops next generation switched reluctance motors (SRMs), electric powertrains, and powertrain controls, announced today an investment from Honda Motor Co., Ltd. (“Honda”). Honda invests in innovative startups through its global open innovation program, Honda Xcelerator Ventures. The new investment will be used to accelerate Enedym’s patented […]

GST cut festive boost for car buyers: Honda cuts prices across Amaze, City and Elevate; check new prices

Honda Cars India Ltd. (HCIL) on Monday announced a sweeping price revision for its full model range, passing on the benefits of GST Reforms 2025 directly to customers.The move makes popular models such as the Honda Amaze, Honda City, and Honda Elevate more accessible after revamped GST rates rollout starting from September 22.Kunal Behl, Vice […]

EV push: Honda eyes 30% share in Indian two-wheeler market by 2030; sees big potential among female buyers

Representative image (AP) Japanese auto major Honda is aiming to capture a 30 per cent share in India’s two-wheeler market by 2030 as part of its broader global strategy to command half of global two-wheeler sales, said Tsutsumu Otani, President of Honda Motorcycle & Scooter India (HMSI). “Considering the Indian market size, we want to […]

Avanci Welcomes Honda as a Licensee

Business Wire India Today, Avanci announced that it has signed a patent license agreement with Honda Motor Co., Ltd. Connected vehicles from Honda are now licensed to the 2G, 3G, and 4G essential patents of the 51 licensors that participate in Avanci’s automotive licensing program today, as well as others that join as licensors in […]

FPT Announces Sponsorship of Honda Racing Vietnam

Hanoi, Vietnam:   FPT Corporation announced its sponsorship of Honda Racing Vietnam, the official Vietnamese racing team competing in the prestigious FIM Asia Road Racing Championship (ARRC), organized by FPT’s key client in Japan, Honda.   This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250618224610/en/   […]

Honda announces massive Rs 920 crore investment to expand capacity at Vithalapur plant

Honda Motorcycle & Scooter India Pvt. Ltd (HMSI) on Thursday announced a major expansion of its fourth manufacturing plant in Vithalapur, Ahmedabad district. The move is expected to increase the plant’s annual production capacity by 650,000 units, taking the total to 2.61 million units once the new line becomes operational in 2027.The company is set […]

Nakajima is new CEO of Honda Cars India

NEW DELHI: Japanese automaker Honda on Monday said it had appointed Takashi Nakajima as the new president & CEO of Honda Cars India. He will take charge on April 1, 2025, from Takuya Tsumura, who will move to Japan at Honda head office after completing his India tenure. Nakajima has been serving as president of […]