Honda Cars India Limited

Company limited by Shares (1)

Honda Cars India Limited Description

Honda Cars India Limited was established in the year 1995 and has its headquarters in Greater Noida. The company manufactures and sells passenger cars. They also deals with the needs of their customers who want to exchange their existing cars with a new one. They offer car sales, services. The company operates as a subsidiary of Honda Motor Co Ltd and Usha International of Siddharth Shriram Group. Later, the company bought the latter's shares in the joint venture. Now the company is a 100% subsidiary of Honda and has renamed itself. It was formerly known as Honda Siel Cars India Ltd. The company's first manufacturing unit is at Greater Noida and has been operational since 1997. It was set up at an investment of more than 4.5 million INR initially. The plant is spread over 150 acres. The initial capacity of this plant was 30,000 car per annum, but it was later increased to 50,000 cars on a two shift basis. Now the capacity has been further increased to 100,000 units annually. This led to an increase in the covered area in the plant. They set up their second plant in Rajasthan. The present models that are currently being produced are: Honda City, Accord, Civic, Jazz, Brio, CR-V, Amaze, Mobilio, BR-V and WR-V. The company has 331 dealership outlets across 121 cities in about 20 states and 3 union territories of the country. They have sold 189,062 units during their 2014-2015 period against 1, 34,399 units during the same period a year ago. It recorded an increase of more than 44%. The Japanese carmaker, Honda, launched their new compact SUV on the Jazz platform called WRV in the year 2017. The company has ended their 2017 March revenue and it touched 16,870 crore, first profit of 360 crore profit after six years loss consecutively.

Honda Cars India Limited Overview

INDIA HO
NEW DELHI
CIN
U15114DL1995PLC203983
TYPE
Public
CATEGORY
Company limited by Shares
SUB-CATEGORY
Non-govt company
WEBSITE
EMAIL
corporate@hondacarindia.com
FOUNDED
05 Dec,1995
PAID-UP CAPITAL
7,743,762,680
AUTHORISED CAPITAL
10,000,000,000
82 Related Suppliers
2 No. of plants

Company Breakup

Name share
Bodies Corporate
100.00%
Total Number Of Shareholders 8
Shareholding As On 2017-08-04

Honda Cars India Limited in News

18 Aug 2021

Honda confirms India centric SUV; Sources suggest production may begin by 2023

According to ETAuto sources, the new product development is at a very early stage under codename 31XA. It will be built on a completely new platform globally and will take on the likes of Hyundai Creta and sister-brand Kia’s Seltos in the mid-size SUV segment. According to the sources, the Start of Production (SOP) for the upcoming SUV is scheduled for August 2023. However, while the company confirmed its foray into the segment, it was tight-lipped about the specifications and launch of the new product.

12 Oct 2020

Honda Cars expands car buying platform with 6-step process

The new digital solution will provide comprehensive retail experience to customers with one-stop information and interface for car prices, dealer selector, special promotional offers, finance options from leading banks, on-road price, and preferred delivery location option for the car to be purchased.

13 Aug 2020

ETAuto Exclusive: A chunk of senior executives opting for VRS at Honda Cars?

One of the most aspirational mass-market car brands, Honda had already been facing shrinking sales in India which is hit harder due to the pandemic. The company known for its strong HR policies has recently rolled out a Voluntary Retirement Scheme (VRS). According to sources a large number of senior and mid-level executives have opted for the scheme. The carmaker is providing them salary of 12 to 15 months along with assistance from an HR firm to secure them alternate jobs.

16 Jul 2020

Can Honda cars resurrect its fortune with the premium shift?

As the Honda Cars fixes its entry-point with Amaze (price starts at Rs 6 lakh) and has no play in the market below this, the carmaker is much in-line with changing market dynamics which are moving up, so rapidly. The average car price in the country has moved from Rs 5-lakh to Rs 7.6-lakh in the past decade. However, limited product lineup and almost absent from more than 70 percent of the market including the fast proliferating compact SUV, will Honda Cars revive itself with a strategy restricted to the premium segment, Nabeel A Khan finds out.

30 Aug 2017

Kolkata-based auto dealer aims to add more than Rs 250 cr additional revenue every year

As a group, Shree Automotive today deals in four auto brands and one non-auto brand (distribution of ITC cigarettes, foods etc), operating out of 30 branches, with 1,500 employees, and having an annual group turnover of Rs 1,200 crore with sales of 8,000 vehicles a year, servicing 250 vehicles a day, with a customer base of over 30,000 customers.

Directors of Honda Cars India Limited

Name DIN Email Designation Date of joining
Masanori Nakatani Unlock to View Unlock to View Director 01 Apr,2017
Kenichi Takashima Unlock to View Unlock to View Director 22 Dec,2016
Yoichiro Ueno Unlock to View Unlock to View Director 11 Aug,2016
Sumihiro Takahashi Unlock to View Unlock to View Director 11 Aug,2016
Masahiro Honda Unlock to View Unlock to View Additional Director 01 May,2016
Hirotomo Hirano Unlock to View Unlock to View Additional Director 01 Apr,2016
Praveen Paranjape Unlock to View Unlock to View Additional Director 01 Apr,2016
Alka Marezban Bharucha Unlock to View Unlock to View Director 04 Mar,2015
Manoj Arora Unlock to View Unlock to View Director 04 Mar,2015
Raman Kumar Sharma Unlock to View Unlock to View Nominee Director 01 Apr,2007

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