New Delhi: Global auto companies are increasingly leveraging India as an export hub with Honda even shipping cars to its home market Japan and Suzuki set to follow suit later this year, driven by a growing base of quality suppliers in the local market that’s helping them manufacture vehicles at a competitive cost in the … Read more
Elon Musk’s abrupt decision to lay off employees who ran Tesla’s electric vehicle charging business blindsided carmakers gearing up to equip new EVs for customers to use the Tesla Supercharger network, industry officials and analysts said on Tuesday. For now, General Motors, Ford and other carmakers, which struck deals last year to give customers access … Read more
Parties to the massive Honda EV investment deal reached this week have tacitly acknowledged that foreign workers will be involved in setting up the proposed auto plants, while attempting to downplay an issue already seized upon by the federal Conservatives. In response to questions throughout the week, federal officials, their provincial counterparts and executives for the … Read more
Image: Fred Beans Fred Beans Automotive Group has acquired four Abington, Pennsylvania dealerships, as well as a collision center from Rosenthal Automotive Organization. According to Automotive News, the dealerships Fred Beans bought include Acura, Honda, Hyundai and Mazda of Abington, with the collision center located in Fred Beans’s new Honda dealership. The Acura ZDX Returns … Read more
Japanese automaker Honda will make a $15-billion electric vehicle investment in Ontario to build four new manufacturing plants in the province, Prime Minister Justin Trudeau and Ontario Premier Doug Ford announced Thursday. According to a government statement released to media in advance of the announcement, the deal will result in “Canada’s first comprehensive electric vehicle … Read more
Concluding what Ontario Premier Doug Ford is calling the “largest deal in Canadian history,” Honda is expected to announce later this week a multi-billion dollar commitment to build electric vehicles and their parts in Ontario, government sources have told CBC News. The senior government sources, who spoke to CBC News on condition of confidentiality because they weren’t authorized … Read more
Honda Motorcycle & Scooter India (HMSI) on Thursday inaugurated a new engine assmebly line with capacity of manufacturing 60 engines daily at its Global Resource Factory situated in Manesar, Haryana with focus on CKD (Completely Knocked Down) exports. “The new assembly line is equipped to produce engines for models ranging from 1100cc to 300cc, catering … Read more
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Automobile exports from India declined 5.5 per cent in FY24 due to the monetary crisis in various overseas markets, according to the latest data shared by industry body SIAM. Overall exports stood at 45,00,492 units in the last fiscal compared to 47,61,299 units in FY23. Commenting on the drop in overseas shipments last fiscal, SIAM … Read more
Honda Elevate in Japan. (Photo: Honda) This is the first time a model has been exported from India to Japan, highlighting the country’s capabilities of growing manufacturing prowess on a global level. Honda’s all-new made-in-India Elevate has finally launched in the international market (Japan). As per the details shared by the brand via official release, … Read more
