Automobiles

more...

more...

more...

more...

more...

Honda

Honda Siel Cars India, Limited (HSCI) is a joint venture between the Honda Motor Company Limited of Japan and Siel Limited which is a Siddharth Shriram Group company. It was begun in December 1995.
The main motive behind the collaboration was to provide Indian customers with Honda's latest passenger car models.The total investment made by the company in India till date is over Rs. 800 crores. Mr. Masahiro Takadegawa is the current President and CEO of HSCI. He took over this post in August 2005.

HSCI's Growth in India


Honda India has one manufacturing unit at this point of time. It is located in Greater Noida, in Uttar Pradesh. It is spread over an area of 150 acres of

land and is equipped with state of the art equipments. The total investment amounts to Rs 450 crores. The manufacturing capacity of this plant is 50,000 cars on a dual shift process. The company has decided to work on the plan of increasing the manufacturing capacity form 50,000 units to 150,000 units by the end of 2010.The Company had a growth of 14% for the fiscal year of 2005-06 when compared to 2004-05, with total sales of 42,727 units in the domestic market. And they are aiming for a proposed growth of around 44% for the current fiscal year. So considering the fact that they have invested more than Rs 800 crores till now in India their growth result has been excellent.HSCI launched its first car for the Indian market, the Honda City in 1997.



The Honda City was relaunched in 2003 as the Honda City ZX. The Honda Civic was launched in July 2006 which was followed by the launch of HSCI's first SUV, the Honda CR-V. The CR-V was launched in November, 2006. The Honda Accord, HSCI's offering in the luxury car segment, was launched in January 2007.The Honda City, Civic and Accord models are produced in India; the CR-V is sold as a CBU import from Japan.