Honda Cars India

Honda Cars India Ltd
Subsidiary
Industry Automotive
Founded 1995[1]
Headquarters Greater Noida, Uttar Pradesh
Number of locations
 2
Key people
 Katsushi Inoue
(President and CEO)[2]
Products Automobiles
Parent Honda
Website hondacarindia.com

Honda Cars India Ltd (HCIL) is a subsidiary of the 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. 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.

It operates production facilities at Greater Noida in Uttar Pradesh and at Bhiwadi in Rajasthan. The company's total investment in its production facilities in India as of 2010 was over ₹16.2 billion.[3]

Facilities

HCIL's first manufacturing unit at Greater Noida commenced operations in 1997. Setup 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 annum, which was thereafter increased to 50,000 cars on a two-shift basis. The capacity has further been enhanced to 100,000 units annually as of 2008. This expansion led to an increase in the covered area in the plant from 107,000 m² to over 130,000 m².

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

Models

2nd Generation Honda Jazz
The 5th Generation Honda City
8th Generation Honda Civic
8th Generation Honda Accord

Sales

HCIL has 248 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, is also planning to launch a compact SUV for the Indian market. It was speculated that the company will launch the Jazz-based crossover- the Vezel; however, the company is aiming to bring in an all-new compact SUV for the Indian market.[8]

Awards

2014

Sedan Of The Year - Honda City

2006

2005

See also

References

  1. 1 2 Company Profile, Honda Cars India, 2015
  2. ↑ HCIL Website - Honda Executives
  3. ↑ "Company Profile". Honda Cars India. Retrieved 2011-09-29.
  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". 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. ↑ http://www.hondacarindia.com/about/hondaInIndia.aspx
  8. ↑ "Honda's compact SUV to come by early 2016". 20 December 2004. Retrieved 26 December 2014.
This article is issued from Wikipedia - version of the Friday, December 11, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.