Honda

Honda to launch three new models in India in 2026-27: CEO Tsumura

The electric car market is set to become increasingly competitive in 2025, with several carmakers, including Mahindra & Mahindra, Maruti Suzuki, Hyundai, and Kia, planning to launch their EVs

Honda to launch 3 new models in India by FY27 to tap growth in SUV segment

Japanese carmaker Honda plans to introduce three new models by the 2026-27 fiscal in India as it looks to tap growth opportunities in the robustly growing SUV segment, according to a top company executive. The company, which is present in India through a wholly-owned subsidiary, currently sells just one SUV model -- Elevate -- in the market with the other two products being Amaze and City sedans. "We plan to introduce three new models, with hybrid and electric powertrains by the 2026-27 fiscal thus expanding the company's presence in the SUV segment," Honda Cars India President and CEO Takuya Tsumura told PTI in an interaction. The new models would encompass both hybrid and battery electric powertrains, he added. The Sports Utility Vehicle (SUV) segment now accounts for over 50 per cent of sales in close to 40 lakh domestic passenger vehicle segments. Tsumura noted the carmaker continues to develop models, like hybrid and battery electric vehicles, that suit the Indian market. Ho

Deferred tax pulls down Honda Cars's net profit by 53% to Rs 661 crore

During the two Covid-affected years of FY20 and FY21, the company's net loss stood at Rs 1,672.2 crore and Rs 1,587.5 crore, respectively, according to documents

Honda recalls 780,000 vehicles in North America on fuel pump concern

Honda said because of defective high-pressure fuel pump core, cracks may form inside fuel pump, which can grow during driving, leading to possible fuel leaks or fuel smell while idling or driving

Arpit Gupta: The Visionary Entrepreneur Steering Iconic Honda to New Heights

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Honda Motor cuts jobs in China, pauses production at three plants

The automobile industry's rapid transition toward EVs and fierce competition in China have hurt sales and earnings of foreign automakers, including Japanese, American and German

Honda Power Pack Energy, Bhago Mobility partner for green fleet services

Honda Power Company on Monday said its subsidiary Honda Power Pack Energy has partnered with sustainable transportation solution provider Bhago Mobility to offer green fleet management services for last-mile delivery in the electric vehicle segment. Under the collaboration, Bhago Mobility will deploy Honda e: Swap-powered electric vehicles at strategic locations in Bangalore and Delhi, benefiting the e-commerce fleets as well as vehicles engaged in passenger mobility, the company said. Bhago Mobility will launch 100 vehicles within the next few months of 2024 and aims to reach 10,000 vehicles in the next three years, it said. Honda Power Pack said that Bhago Mobility's dedicated hubs will provide electric cargo vehicles round the clock. These vehicles with swappable battery packs will be stationed within a 10-km radius of every metro station, it said. Bhago Mobility's electric cargo vehicles powered by Honda e:Swap's technology offer quick battery swaps resulting in higher levels o

Here's why Honda is losing the electric two-wheeler race in Indian market

Honda has laid out ambitious plans, but it has been far too slow on the execution. By 2030, it wants to have 30 electric motorbikes on the road and be selling 4 million models worldwide a year

Since Japan launch, Honda Elevate exports nearly double of India sales

Between April and June 2024 Honda exported 10,659 units of the Elevate meanwhile it sold 5,435 units of the Elevate in Indian market

Honda Motors sees full-year profit rising 2.8%, after it exceeded estimates

Japan's second-largest automaker by volume forecast full-year operating profit would rise to 1.42 trillion yen compared with an average profit estimate of 1.39 trillion yen

Honda Amaze tested again by NCAP, receives 2-Star rating; Company reacts

NCAP tested the Honda Amaze again and gave it a 2-star rating. The Japanese company said the requirement for electronic stability control led to a lower rating

Dell Laptops continues to be India's most trusted brand, says report

The technology company was followed by auto company Honda and e-commerce giant Amazon

Honda results: Profit up 3.5% in Dec quarter on back of strong US demand

Japanese automaker Honda's profit rose 3.5 per cent in the October-December quarter from a year earlier on the back of solid demand in the US and Europe and a recovery in its home market, the company said on Thursday. Tokyo-based Honda Motor Corp's profit in the last quarter was 253.3 billion yen, or USD 1.7 billion. Quarterly sales jumped 21 per cent to 5.39 trillion yen (USD 36 billion). A favourable exchange rate helped amplify Honda's overseas profits in yen terms and is expected to continue through the rest of the fiscal year, which ends in March. The dollar has been trading at about 148 Japanese yen, up from about 140 yen last year. All the automakers have been hurt by shortages of computer chips and other parts, partly due to disruptions in manufacturing because of the coronavirus pandemic. The latest results show Honda has mostly but not yet fully recovered to pre-pandemic levels in some locations. Honda's motorcycle sales grew in recent months in Brazil and Europe, accord

Honda Motor to recall over 750,000 vehicles in United States: NHTSA

The recall includes certain Honda Pilot, Accord and Civic sedan made between 2020 and 2022, and some Honda CR-V and Passport vehicles manufactured between 2020 and 2021

Tesla plans to build new EVs in mid-2025, to compete with cheaper gas cars

Those models, including an entry-level $25,000 car, would allow it to compete with cheaper gasoline-powered cars and a growing number of inexpensive EVs, such as those made by China's BYD

Honda considers $14 billion plan for EV production plant in Canada: Report

Canada's industry minister's office said that reports about Honda looking to make a significant investment in Canada speaks to the quality of the country's workforce and the strength of its industry

Honda Cars India domestic sales rise 12% to 7,902 units in December

Honda Cars India Ltd on Monday reported a 12 per cent rise in domestic sales at 7,902 units in December as compared to 7,062 units units in the same month a year ago. Exports stood at 3,749 units last month as against 1,388 units in December 2022, Honda Cars India Ltd (HCIL) said in a statement. "The sales momentum in December has been extremely positive for us in both factory despatches and retail as our network maximised the deliveries for the new SUV Elevate to our customers," HCIL Director, Marketing and Sales, Yuichi Murata, said. He said the company is looking forward to 2024 "with tremendous positivity and optimism" with strong sales momentum and growing market potential, backed by a robust business plan.

Honda to recall 2.5 million US vehicles over risks of fuel pump failure

To address the issue, dealers will replace the fuel pump module, free of charge, the NHTSA said

Honda Cars to increase prices of its entire model range from January

Honda Cars India plans to increase prices of its vehicles from January in order to partially offset the impact of riding input costs, according to a senior company official. The Japanese carmaker sells three models -- Elevate, City and Amaze -- in the Indian market. In an interaction with PTI, Honda Cars India Vice President (Marketing and Sales) Kunal Behl said the company will increase the prices of its models from next month due to pressure on input costs. "The model-wise amount of increase will be finalised by the end of this month. Our new model Elevate which was launched at an introductory price has been well received by the market with very high customer consideration. The introductory price will be valid till December 23 and price will be revised from January 2024," he noted. Maruti Suzuki, Mahindra & Mahindra and Audi India have also announced plans to hike prices of their passenger vehicles in January 2024 citing reasons, including cost pressure driven by overall ...

Honda to invest $3.4 billion in electric motorcycles business by 2030

The company highlighted India and the Asean region as places where it aims to expand market share. Mihara said new production facilities will "highly likely" be in India and Southeast Asia