Tokyo, Japan-based Honda Motor Corporation's Indian arm, Honda Cars India (HCIL) is expecting to outpace the passenger vehicle (PV) market in the next one year. In its armoury, it has the fifth generation City sedan facelift and a new mid-sized SUV, slated for launch in mid-CY2023, around the July-September timeframe.
HCIL's President and CEO, Takuya Tsumura, said that the company will try to grow faster than last year with the new launches expanding the addressable market. It is presently in a ramp-up mode and is set to increase its daily vehicle manufacturing at its plant in Tapukara, Rajasthan, from 540 vehicles in the present day, to up to 660 vehicles, starting April 2023, when it will be closer to launching the new SUV.
To strengthen the Japanese car brand in the Indian market and ensure long-term business sustainability, Honda Cars India plans to introduce one new model every year, starting with the SUV later this year, in the Indian market. These new products will include hybrids and EVs as well in the future. The company will be launching the all-new mid-size SUV in the middle of 2023, the management said.
This story is from the 15th March 2023 edition of Autocar Professional.
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This story is from the 15th March 2023 edition of Autocar Professional.
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