23rd December | TITN Team
On Wednesday, Honda Cars India Ltd (HCIL) stopped its car production at Greater Noida with an eye on increasing its business efficiency. The production lines will be moved to the Tapukara facility in Rajasthan. The plant would continue to work as company’s Corporate Office, Spare Parts Division and Research Development Centre.
President and CEO of HCIL, Mr. Gaku Nakanishi said, “Despite an uptick in sales in the last three months, the current market conditions remain unpredictable for the industry at large. The impact of COVID-19 has pressed us to strengthen our constitution, and to achieve the same, HCIL has decided to consolidate its manufacturing operations by making the Tapukara plant a unified manufacturing base. HCIL continues to believe in the resilience of the Indian economy and hope for a quicker recovery of the market. India is extremely important market in Honda’s global strategy and HCIL is committed to bring its latest and advanced technology models including electrified vehicles in future.”
HCIL has also discontinued CR-V and Civic models in the country. HCIL Senior Vice-President and Director Rajesh Goel said, “It is a difficult decision for us to stop production of CR-V and Civic as both are popular global models. It has been done as Tapukara plant was conceived as a high efficiency facility for small and mid-sized cars. Cars above a certain size cannot be manufactured there unless you make certain investments there.”
More Stories
LIC overtakes SBI to become the most valued PSU
Former CEO of OpenAI Sam Altman joins Microsoft
MS Dhoni appointed as a brand ambassador by Patanjali Foods for two brands