Page 2 - Honda Motor Co

General Motors, Honda plan to co-develop affordable electric vehicles

General Motors and Honda are planning to co-develop some affordable electric vehicles that will use next-generation Ultium battery technology, it said on Tuesday

EV startup Rivian could be worth nearly as much as Honda in U.S. IPO

The startup is looking to raise up to $8.4 billion, setting it up to be the third-largest initial public offering (IPO) by funds raised in the past decade in the United States.

Honda reports 49% increase in domestic sales at 11,177 units in August

Honda Cars India Ltd (HCIL) on Wednesday reported a 49 per cent increase in domestic sales at 11,177 units in August as compared with the same month last year. The company had sold 7,509 units in the domestic market in August 2020, HCIL said in a statement. Exports stood at 2,262 units last month as compared with 450 units in August 2020, it added. "Positive sales momentum and overall strong demand helped us to achieve good volumes with the onset of the festive season. The celebratory fervour which began with Onam in Southern India will extend to the rest of the markets as we move towards the peak of festivities," HCIL Senior Vice President and Director (Marketing & Sales) Rajesh Goel said. The company's best-seller model -- Amaze, which has been launched in its latest avatar last month, drove commendable sales volume with 6,591 units and reinforced its position as the most preferred family sedan in India, he added. While we are quite optimistic on the demand side going forward, .

Honda swings to Q1 operating profit of $2.23 bn, trounces estimates

Honda Motor Co swung on Wednesday to a first-quarter operating profit of $2.23 billion from a 113.7 billion loss a year ago as car sales recovered from the impact of the Covid-19 pandemic

Honda hopes new Civic hatchback to be basis for more efficient cars

Honda Motor Co unveiled its latest Civic hatchback designs on Thursday, with hopes that the all-new model will become a foundation for developing cars more efficiently

Honda Cars domestic sales dive 78% dip in May to 2,023 units over April

Honda Cars India on Tuesday reported a 78 per cent decline in its domestic sales to 2,032 units last month as compared to 9,072 units in April this year. The company said it exported 385 units in May. "Multiple state-wide lockdowns throughout the country to control the spike in COVID-19 infections in May 2021 impacted retail business. During last month, we also undertook extended maintenance-related shutdown of our factory leading to limited production but effectively breaking the chain amidst the high number of cases in north India," Honda Cars India Senior Vice President and Director (Marketing & Sales) Rajesh Goel said in a statement. With the increase in the pace of vaccination and the declining cases, the company expects markets will open gradually allowing business continuity, he added. Goel noted that the company's field teams were in constant touch with waiting for customers to facilitate their car purchases through digital mediums. "We will closely monitor the on-ground .

Honda Motor recalls 761,000 vehicles worldwide to replace fuel pumps

Honda Motor Co said on Tuesday it will recall about 761,000 vehicles worldwide to replace fuel pumps that could fail and lead to engine problems

Top headlines: Covaxin cheaper than Covoshield; spectrum auction from Mar 1

From government working on pricing of the coronavirus vaccine to decks being cleared for Container Corporation privatisation, here are top headlines this morning

Japan's Honda says will be first to mass-produce level 3 autonomous cars

Japan's Honda Motor Co on Wednesday said it will be the world's first automaker to mass produce level 3 autonomous cars

Honda doubles full-year profit forecast, boosted by China rebound

Honda more than doubled its full-year operating profit forecast as its second-quarter earnings grew 28% amid a rebound in China after auto sales were squeezed by the impact of the coronavirus pandemic

Honda bags patent for its combined brake system for two-wheelers

Japanese automajor Honda Motors has bagged a patent for its invention related to combined brake system for a motorcycle, which helps the rider to have a better control over the two wheeler while applying brake. The company has been offering Combi Braking System (CBS), a method of applying both the front and rear wheel brakes simultaneously through a single liver, in the two-wheelers it sell in the country for almost eight years now.The company claims that the invention is to provide a combined brake system for a motorcycle which can simplify the brake device.In the known technology of interlocking brake device, the number of parts around a pedal is high, which makes it complicated. On the other hand, the structure can be simplified by adopting a disc braking system in which not only a front wheel braking means but also a rear wheel braking means is also hydraulically operated, which pushes up the cost.The invention is to provide a combined brake system for a motorcycle which can ...

Six new Honda models to be launched in India in 3 yrs

The company, however, said there will not be any hybrid or electric vehicle models in the upcoming line up,as it awaits clarity on government policy regarding electric mobility

Honda bags patent for storage device

The storage space will have a maintenance window to help change the bulbs of the headlight

Honda recalls 21 mn more vehicles

Honda and Toyota Motor Corp had already recalled more than 60 million air bags worldwide