Honda's Plans for India

Japanese auto maker Honda Motor Company is working on its expansion plans in India. It intends to launch a specific small car for the Asian markets. The new small car will be placed in A-segment but will not compete with Nano. "We don't have any plan for ultra low-cost car. We are still undergoing tough times in many traditional markets," Honda Chief Executive Takanobu Ito said. "Our top priority is on China and India, where we would like to grow the size of our business as much as possible," he added.

Honda is eyeing India and China as its top markets where it intends to book profits earlier than the rest of the world. It sold 50,600 cars in China in October which is up 42 per cent from the previous year. India is a smaller market. Honda sold 34,430 cars between April and October, an increase of 38 per cent from a year earlier.

Honda has premium sedans in India like Accord, City and Civic. It launched premium hatch model Jazz earlier this year. However, its second car model will be more competitive and at “expected and accepted” price levels of Indian customers.

• Honda Siel planning to introduce small sedan in India           January 25, 2012
• Honda India to cover up for Honda’s Thailand plant           January 19, 2012
• Honda asks India to send parts to foreign markets after Thailand suffers setbacks           January 16, 2012
• Honda all set to build India-specific brand identity           January 10, 2012
• Honda’s future cars to be lighter, cheaper and more fuel efficient           December 24, 2011
• Observing the success of rivals, Honda likely to roll-out a compact crossover soon           December 15, 2011
• Honda launches new 2012 City sedan with cost cut-down of Rs 50,000           December 15, 2011
• Honda Brio production to be resumed to normal levels by Feb-March 2012           December 14, 2011
• 2013 Honda Accord Coupe Concept to debut at Detroit Auto Show           December 14, 2011
• Honda suspends production of Brio hatchback as component shortage deepens           December 10, 2011
• Honda displays new AC-X concept plug-in hybrid at the Tokyo Motor Show           December 05, 2011
• Honda Motor Co. eyeing India to boost the sales of its mass market bikes           December 02, 2011
• Honda unveils new Micro Commuter Concept electric car           December 01, 2011
• Honda plans to launch new diesel cars for India as demand surges           December 01, 2011
• Thai government grants 8 month import duty waiver to Honda Motors           November 30, 2011