May 30, 2016 5:02 AM ET

Automobiles

Company Overview of Honda Cars India Ltd.

Company Overview

Honda Cars India Ltd. manufactures and sells passenger cars. It also caters the needs of customers wanting to exchange their existing cars for a new car. The company provides car sales, service, and spares through a sales and distribution network, including authorized dealership facilities in India. Honda Cars India Ltd. was formerly known as Honda Siel Cars India Ltd. and changed its name to Honda Cars India Ltd. in September 2012. The company was founded in 1995 and is based in Greater Noida, India. Honda Cars India Ltd. operates as a subsidiary of Honda Motor Co., Ltd.

Plot No. A-1, Sector 40/ 41

Surajpur-Kasna Road

Greater Noida Industrial Development Area

Distt. Gautam Budh Nagar

Greater Noida,  201306

India

Founded in 1995

Phone:

91 12 0234 1313

Fax:

91 12 0234 1261

Key Executives for Honda Cars India Ltd.

Chief Executive Officer and President
Age: 51
Chief Financial Officer and Nominee Director
Chief Executive Officer of Honda Philippines and President of Honda Philippines
Age: 51
President of Honda Logistics Inc. and Representative Director of Honda Logistics Inc.
Age: 56
President of Honda Cars - Philippines
Compensation as of Fiscal Year 2015.

Honda Cars India Ltd. Key Developments

Honda Cars India Launches BR-V SUV in India

Honda Cars India has launched its BR-V compact sport utility vehicle (SUV) for sale in the country. The vehicle is offered with a choice of two engines: a 1.5-litre petrol (gasoline) engine with a maximum power of 117 bhp and a 1.5-litre diesel powerplant that outputs 98 bhp. While the petrol engine is mated to a six-speed manual or a continuously variable transmission (CVT) automatic, the diesel engine comes only with a six-speed manual transmission. The SUV is 4.45 m long, allowing a three-row configuration for seven passengers. The petrol versions are priced between INR 875,000 and INR 1.2 million and the diesel versions between INR 990,000 and INR 1.29 million in New Delhi. The BR-V has a ground clearance of 210 mm and features dual airbags as standard equipment across the range. The BR-V is Honda's first offering in the growing compact SUV segment and will compete with the Renault Duster and Hyundai Creta.

Honda Cars India Reports Sales Results for the Month of March and Annual of 2016

Honda Cars India reported sales results for the month of March 2015. For the month, the company reported registered monthly domestic sales of 17,430 units in March 2016, as compared to 22,696 units in the corresponding month last year. For the annual, the company reported annual domestic sales of 192,059 units during Fiscal Year 2015 - 2016 recording 2% growth over last financial year. The company had sold 189,062 units during Fiscal Year 2014 - 2015.

Honda Cars India Limited Launches Bold and Premium New Honda Amaze

Honda Cars India Ltd. introduced the New Honda Amaze with bold new exterior styling, one class above premium interiors and several new-age features. The new Amaze now comes equipped with the Continuously Variable Transmission (CVT), and becomes the first petrol car in its class to offer advanced CVT technology. The company also announced its Safety Direction for India that every new Honda model, introduced in the market from new fiscal year 2016 - 2017 will apply Dual SRS as standard equipment across all variants. Also, Dual SRS Airbags will become standard offering across Honda line-up, including current models, by April 2017. Additionally, the customers of the new Amaze can opt for Dual SRS airbags from the base variant, and the bookings for these variants will begin from May this year. The new Amaze sports a bolder and wider stance from the front. The newly designed front bumper and dual chrome front grill, coupled with new classy rear combination lights further accentuates the exterior styling giving a new look to the car. The Amaze features an all new one class above interior design, which is new age and user friendly. The all-new dual tone futuristic cockpit styled Instrument panel with silver accents, and a new 3D Speedometer design with Multi Information Display (MID) lends the car's interior a very premium appeal. The newly designed premium seat fabric of the new Amaze is class apart. The advanced and superior CVT technology from the Earth Dreams Technology series, introduced in new Amaze, will provide better drivability as compared to the conventional automatics, higher fuel economy than manual transmission, along with added comfort and convenience of an Automatic. The 1.2 L i-VTEC petrol CVT variant of Honda Amaze gives an impressive fuel economy of 18.1 km/l as per test data. The CVT variants available in the new models in Honda line-up have got a tremendous response from the Indian market and the new Amaze CVT variant with its characteristic advantages is bound to get popular among its customers. The new Amaze offers many new advanced features including the Integrated Bluetooth Audio System with Hands Free Telephone (HFT) & Mobile Phone Audio Streaming for an engaging ride. The automatic air conditioner with a neat knob-less design and digital display offers a very premium feel to the interiors. The lower variants adopt a similar theme of big screen digital display with digital ac controls for a uniform premium look inside the car. The driver can monitor all important trip and vehicle information including driving range, instantaneous and average fuel efficiency, ambient temperature and time from the Multi Information Display (MID). This allows the driver to easily and safely monitor speed, time and fuel consumption levels while driving. The new Amaze will be offered in 4 grades in both petrol and Diesel. - E, S, SX and VX in Manual Transmission. Additionally, CVT Transmission will be available in S and VX petrol grades. The New Amaze will be available in 7 colors - New and Exclusive Bluish Titanium Metallic, Carnelian Red Pearl, Urban Titanium Metallic, Alabaster Silver Metallic, Golden Brown Metallic, Taffeta White and Orchid White Pearl.

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