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Honda Motor to shrink sedan lineup in India: Report

Reuters | Posted on Sep 04, 2012 at 01:19am IST

New Delhi: Honda Motor Co will reorganize its car business in India, scaling down its lineup of sedans and focusing on compact vehicles, the Nikkei reported.

Honda, which recently converted its India joint venture, Honda Siel Cars India Ltd, into a wholly owned unit, plans to postpone sales of the new version of its Civic sedan, and forgo manufacturing the new version of the Accord sedan in the country, the business daily said.

The Japanese car manufacturer may discontinue the Accord vehicle altogether in India, the paper said.

Honda Motor to shrink sedan lineup in India: Report

The Japanese car manufacturer may discontinue the Accord vehicle altogether in India, the paper said.

Honda's India sales, which fell 20 per cent in 2011, have jumped 70 per cent in January-July, helped by the newly launched Brio subcompact, the Nikkei said.

Car sales in India rose 6.7 per cent in July but were below industry estimates as higher interest rates and a hike in excise taxes stunted demand.

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Posted on May 23, 2013 at 02:02PM IST
Honda Motor Company, Ltd. (本田技研工業株式会社, Honda Giken Kōgyō Kabushiki-gaisha?, Honda Technology Research Institute Company, Limited) listen (help·info) (TYO: 7267 NYSE:HMC) is a Japanese multinational corporation headquart ...

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