| The proposed investment will go into all of Honda's businesses in India: cars (Honda Siel), two-wheelers (Hero Honda and Honda Motorcycle & Scooter India), and power generators (Honda Motor Company Ltd). |
| The investment proposed in the next 10 years is equal to the amount the company has ploughed into India since it became a part of Hero Honda in the mid-1980s. |
| In response to the reduction of excise on small cars, Honda, whose smallest car in India is a mid-size sedan, is looking to enter the small car segment. The company will consider having a new plant for making small cars in India. |
| "This (duty sops for small cars) is a worldwide trend. Honda has to follow what the Indian government had indicated. (We are) deeply and aggressively studying and analysing entry into the largest segment of the car market in India," said Masahiro Takedagawa, president and CEO, Honda Siel Cars India, and head-South West Asia, Honda Motor Co, at a press conference in New Delhi. |
| Also present at the press conference was Takeo Fukui, president and CEO of Honda Motor Co, who will launch Honda's global bestseller, Civic, tomorrow. Comparing India with China, Fukui said India had more potential in the long term. |
| "I am not saying this because I am in India. India will be a more important place than China... India is a democracy while China is not," he said. |
| He, however, did not divulge details of the company's proposed investment in China over the next 10 years. |
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