Business

Honda seriously looking at small car segment: Takahiro Hachigo

Honda Motor Co president and Chief Executive Takahiro Hachigo during a presentation at the 44th Tokyo Motor Show in Tokyo.

Honda Motor Co president and Chief Executive Takahiro Hachigo during a presentation at the 44th Tokyo Motor Show in Tokyo.  

more-in

Honda Motor Co. is seriously considering possibilities for small car segment and thinking in terms of strategy to put in place for the category not only for India, but across Asia, Chief Executive Officer Takahiro Hachigo told reporters from India at the company’s Head Quarters in Tokyo.

He said Noriaki Abe, the company’s Chief Operating Officer for Regional Operations (Asia and Oceania) is seriously considering the option and will determine business directions for the category.

Honda’s rival Maruti Suzuki has a strong hold on the compact car segment in India. Recently, Renault has launched a compact car Kwid, which has seen robust bookings.

On a specific query on whether Honda is looking to take on Maruti, Mr. Abe said that it is very attractive to consider entry into small car segment, but it is of no use of coming out with same type of models like Maruti.

“We would seriously listen carefully to request from customer and try to come out with products which are uniquely Honda,” he added.

India is the fourth biggest market for Honda after the US, China and Japan.

Mr. Hachigo also said India could play a role for development of future cars and the firm is willing to increase its development capability in India.

Honda divides its global operations into six regional hubs, including North America, China, India and Thailand, developing products specifically for those markets.

Mr. Hachigo said he is looking to make the hubs more autonomous and capable of their development, procurement, production and sales. “We would like to enhance these functions in India in line with our strategy,” he added.

(The writer is in Tokyo at the invitation of Honda Motor Co)

Why you should pay for quality journalism - Click to know more

Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Jan 22, 2020 4:02:33 PM | https://www.thehindu.com/business/honda-seriously-looking-at-small-car-segment-takahiro-hachigo/article7818173.ece

Next Story