IT’S A EUREKA moment for Honda Cars India (HCI) in its 29th year. From selling excellently engineered cars in the domestic market and creating a loyal but small base of customers, the carmaker is now exporting big numbers across key international markets including home country Japan, showcasing its robust manufacturing prowess (Make-in-India).
But much of the buzz around exports is on account of the Honda Elevate SUV, and its export to Japan. The Elevate made its global debut with India as the first market in September 2023. In the past six months, it has sold over 30,000 units and counting.
Takuya Tsumura, President and CEO, HCIL said, “The launch of the ‘Made-in-India’ Elevate as WR-V in Japan is a proud moment for all of us. This reaffirms our manufacturing potential and growing importance of Honda Cars India in Honda’s global business strategies.”
Unveiled first as Honda WR-V in Japan in December, the Elevate with its bold design and strong road presence, outstanding space and comfort, and its advanced safety offering has come in for huge praise from its Japanese customers.
Besides Japan, HCIL has been exporting models in its line-up to left hand drive markets in Turkey, Mexico and Middle East and right-hand drive markets in Nepal, Bhutan, South Africa and SADC countries.
The Resurgence
In the past three years, HCIL undertook a number of steps to make its systems robust, its organisation lean and more efficient and its manufacturing state-of-art at its Alwar, Rajasthan-based plant. Today, the results are for everyone to see.
Diese Geschichte stammt aus der April 20, 2024-Ausgabe von BW Businessworld.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der April 20, 2024-Ausgabe von BW Businessworld.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders
STRONG LEGACY
Powered by a strong legacy, Gulf Oil continues to be a story of exciting transformation and outperformance for more than a decade