Honda Cars India

Honda Cars India Ltd
Subsidiary
Industry Automotive
Founded 1995 (1995)[1]
Headquarters Greater Noida, Uttar Pradesh
Number of locations
 2
Key people

Gaku Nakanishi
(President and CEO) -
Mr. Gaku Nakanishi is President & CEO of Honda Cars India Ltd. with effect from 1st April, 2018.

Mr Nakanishi has served as Managing Director & Chief Executive Officer of Honda Thailand in his last assignment..[2]
Products Automobiles
Parent Honda
Website hondacarindia.com

Honda Cars India Ltd (HCIL) is a subsidiary of Honda of Japan for the production, marketing and export of passenger cars in India. Formerly known as Honda Siel Cars India Ltd, it began operations in 1995[1] as a joint venture between Honda Motor Company and Usha International of Siddharth Shriram Group.[3] In August, 2012, Honda bought out Usha International's entire 3.16 percent stake for ₹1.8 billion in the joint venture. The company officially changed its name to Honda Cars India Ltd (HCIL) and became a 100% subsidiary of Honda.

Facilities

HCIL's first manufacturing plant at Greater Noida began operations in 1997. Set up at an initial investment of over ₹4.5 billion, the plant is spread over 150 acres (0.61 km2). The initial capacity of the plant was 30,000 cars per year, which was later increased to 50,000 cars on a two-shift basis. The capacity was further enhanced to 100,000 units annually in 2008. This expansion led to an increase in the covered area in the plant from 107,000 square metres (1,150,000 sq ft) to over 130,000 m2 (1,400,000 sq ft).

In 2015-2016 revenue of 16,870 crore,360 crore net profit after 6 years losses in Indian operations. In July 2017, monthly sales touched over 17,000 cars thanks to the launch of WRV. The City and WRV sales figures were over 4,500 units a month.

Honda set up its second plant in India at Tapukara in Alwar District of Rajasthan,[4] spread over 450 acres (1.8 km2) with an investment of ₹3526 crores.[5] It operates under the ISO 9001 standard for quality management and ISO 14001 for environment management.[6]

Current production models

Second-generation Honda Jazz
The fifth-generation Honda City
Eighth-generation Honda Civic
Eighth-generation Honda Accord

Former production models

Sales

HCIL has 331 dealership outlets across 121 cities in 20 states and 3 Union Territories of India.[7]

It sold 189,062 units during the period between April 2014 and March 2015 as against 1,34,399 units during the same period a year ago, recording an increase of over 44%.

Honda, the Japanese carmaker, launched a new compact SUV on the Jazz platform called WRV in March 2017. 2017March ended revenue touches 16,870crore,First profit 360crore profit after 6 years losses.

Awards

2014

  • corporate - Engine of the year - honda eco technology(HET) 1000cc engine

Sedan Of The Year - Honda City

2006

  • Best Indian Company (unlisted) by Business Standard Group
  • Manufacturer of the Year by NDTV Profit-Car India
  • Manufacturer of the Year by CNBC-TV 18 Autocar India
  • No 1 Mid Size Car (Honda City); No 1 Entry Luxury Car (Honda Accord) and No 1 Premium SUV (Honda CR-V) by TNS
  • Best Mid-size Car in Initial Quality (Honda City) and Most Appealing Mid-size car (Honda City) by JD Power

2005

  • CNBC Autocar CAR of the year 2004
  • ICICI Overdrive SUV of the Year 2004 - Honda CR-V
  • ICICI Overdrive Car of the Year 2004 - Honda City
  • Business Standard Motoring Car of the Year 2004 - Honda City

See also

References

  1. 1 2 Company Profile, Honda Cars India, 2015
  2. ↑ HCIL Website - Honda Executives Archived 2007-09-28 at the Wayback Machine.
  3. ↑ Press Trust of India (25 January 2013). "Siddharth Shriram exits Honda Siel, sells stake for Rs 180 cr". Business Standard.
  4. ↑ "Honda Car India-Company Profile". Honda Car India. Retrieved 30 October 2015.
  5. ↑ "Honda India rolls out its first car from Tapukara Plant in Rajasthan completed in 2014 South of Delhi". IANS. news.biharprabha.com. Retrieved 25 February 2014.
  6. ↑ "HSCI Commences Construction at its Second Plant in Rajasthan". Honda Car India press releases. Retrieved 30 October 2015.
  7. ↑ "Archived copy". Archived from the original on 2011-07-12. Retrieved 2012-07-22.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.