NEW DELHI, 27 JULY: Honda Siel Cars India today said it would invest Rs 250 crore in its Tapukara plant in Rajasthan for expansion of a power train facility that would be used for its upcoming small car in India.
With the new investment, the company's overall investment in the Rajasthan plant will go up to Rs 1,170 crore by the end of the year.
Though the 10th Auto Expo, which begins from Tuesday in the Capital, will not showcase a Nano-like innovation, which was the toast of the previous expo in 2008, the event will witness 10 global launches
Japanese auto maker Honda today said it would hold the world premiere of the concept model of a new small car, developed keeping the Indian market in focus, at the Auto Expo in January.
NEW DELHI: Honda Siel Cars India on Thursday launched the advanced version of its premium sedan Accord. Powered by 3.5-liter i-VTEC engine, the eighth-generation Accord V6 will come in two variants priced at Rs. 24.80 lakh and Rs. 25.35 lakh (ex-showroom, Delhi).
After a worrying 7 per cent fall in sales in January, Maruti Suzuki, Hyundai Motors, Tata Motors, Mahindra & Mahindra and Honda Siel have notched up an impressive 18.78 per
Auto executives, however, remain sceptical whether the momentum can be sustained for the rest of 2009.
India got its first hybrid car on Wednesday with Honda rolling out a petrol-electric version of its Civic sedan. The car will be more eco-friendly and fuel efficient (for its class) than any other in the market but will remain a niche product. The reason? The Civic hybrid has come with a prohibitive price tag of Rs 21.5 lakh (ex-showroom, Delhi), twice the price of the petrol Civic, thanks to accumulated duties, including customs, of 104%. This virtually makes the country's search for green and fuel-efficient options a non-starter.
