Honda to set up Research and Development subsidiary, Honda Genbetsu India (HGID). 'VTec just kicked in, Yo!'
The famous phrase of Honda fans seems to be what is happening with Honda in India. After a low phase during the 'hate petrol cars' era, Honda is coming all cylinders on fire, and is now the fourth largest car maker in India. And they are serious about their future in our market. The plans of a dedicated RnD is just another step towards the same.
Honda Motors is planning to set up its second subsidiary in India (after Honda Motor India, which takes care of its components and motor parts business) to assist in developing cars for the local market and increasing the localisation for its existing vehicles.
The facility, Honda Genbetsu India (HGID), would focus on research and development and is likely to come up at the company's existing manufacturing plant at Greater Noida, sources with knowledge of the matter said. Quote:
The unit will likely come at an initial investment of around Rs 500 crore. According to sources in the automotive industry, this facility will extend support for Honda's localisation strategy for its running models as well as provide designing support for some upcoming India-specific models in the near-term.
After developing a phenomenally fuelefficient diesel engine and lining up some interesting products like the Mobilio multipurpose vehicle and the Jazz premium hatchback for India, Honda is enthusiastic about its prospects in the Indian auto market. "After the success of its India-specific Amaze sedan, Honda is revitalising its plans for this market.
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Source: http://economictimes.indiatimes.com/...w/30916858.cms
Last edited by sarathlal : 24th February 2014 at 22:56.
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