Honda Siel Cars India
|Founded||December, 1995, India|
|Headquarters||Template:Country data IND Factory -Greater Noida, Uttar Pradesh, India & Headquaters-Nerul,Navi Mumbai|
|Key people||Masahiro Takadegawa, President and CEO|
|Parent||Honda Motor Company, Limited|
Honda Siel Cars India, Limited (HSCI) is a joint venture between the Honda Motor Company Limited, Japan and Siel Limited, a Siddharth Shriram Group company. It was begun in December 1995. The venture was begun with the aim of delivering Honda's passenger car models and technologies to the Indian market. The total investment made by the company in India till date is over Rs. 800 crores.
Mr. Masahiro Takadegawa is the current President and CEO of HSCI. He took over this post in August 2005.
HSCI launched its first car for the Indian market, the Honda City in 1997. The City was relaunched in 2003 as the Honda City ZX. The Honda Civic was launched in July 2006 which was followed by the launch of HSCI's first SUV, the Honda CR-V. The CR-V was launched in November, 2006. The Honda Accord, HSCI's offering in the luxury car segment, was launched in January 2007.
The Honda City, Civic and Accord models are produced in India; the CR-V is sold as a CBU import from Japan.
HSCI's manufacturing unit was set up in 1997 at Greater Noida, Uttar Pradesh. The initial investment was Rs. 450 crore. The plant was built on a plot of 150 acres. The initial installed capacity of the plant was 30,000 cars per annum. The current production capacity of the plant is 50,000 cars per annum. The production capacity expansion was facilitated by an investment of Rs.150 crores. The company plans to further raise its capacity to 100,000 units per annum by the end of 2007 and 150,000 units per annum by 2010. The company has planned a new and further more technologically advanced plant in Bhiwadi. The work for the same has been started and the plant will be functional in a year or two.
The company operates under the stringent standards of ISO 9001 for quality management and ISO 14001 for environment management.
HSCI, registered sales of 61,327 units in the financial year 2006-07. This was an all-time high for the company. The growth percentage is 43.5% over the last fiscal year during which period the company sold a total of 42,727 units. The Honda Civic sold a total of 16,262 units in a period of nine months since its launch in India in July 2006. Honda City ZX, accounted for 40,464 units in the year. Total Accord and CR-V sales for 2006-07 stood at 2,728 and 1,873 units respectively.
- Best Indian Company (unlisted) by Business Standard Group
- Manufacturer of the Year by NDTV Profit-Car India
- Manufacturer of the Year by CNBC-TV 18 Autocar India
- No 1 Mid Size Car (Honda City); No 1 Entry Luxury Car (Honda Accord) and No 1 Premium SUV (Honda CR-V) by TNS
- Best Mid-size Car in Initial Quality (Honda City) and Most Appealing Mid-size car (Honda City) by JD Power
- CNBC Autocar CAR of the year 2004 - Honda City
- ICICI Overdrive SUV of the Year 2004 - Honda CR-V
- ICICI Overdrive Car of the Year 2004 - Honda City
- Business Standard Motoring Car of the Year 2004 - Honda City