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Honda Cars India to launch three new models in the fiscal year of 2018-19. Mr. Jnaneswar Sen, Senior Vice President, Marketing and Sales at Honda Car India, also shared that the company will be launching six new models within a period of three years.
The company has achieved a total sales growth of 13% during the fiscal year of 2017-18, with over 1,56,452 units sold.
The first three cars set to be launched are: Honda Amaze, CR-V and the Civic. All these cars were showcased at the Auto Expo 2018. The new CR-V will be powered by a diesel engine for the first time in India.
Mr. Jnaneswar, at the occasion, shared, "It is a measure of our commitment to the Indian market that we plan to strengthen our presence not only in the mass segment, but the upper segments as well. The All New 2nd Generation Honda Amaze, with a bold new attractive design and premium interiors, will strengthen Honda's position in the mass segment. And with the launch of the globally successful All-new 5th Generation Honda CR-V and the much-awaited 10th Generation Honda Civic, Honda Cars India will secure a strong presence in the upper segments as well. As both these models will be available in diesel variant as well, we are confident of expanding our market in the premium segments." "With three models slated for launch in the upcoming fiscal year, we are very optimistic about HCIL's prospects in the near future."
Honda Cars India's current product lineup includes: Brio, Amaze, City, WR-V, BR-V, CR-V and the Accord Hybrid. The Honda Accord Hybrid is a CBU imported from Thailand.
In addition to this, he also cleared some common doubts related to Honda cars in India, such as:
What Are The Plans Of Honda Cars India Towards Electric Mobility?
The main challenge towards developing electric vehicles in India is the infrastructure. The cost of production will also be high. Honda claims that if an electric variant of their existing model is to happen, then the prices will be at least 1.5 times the current price. They also have to determine whether Indian buyers would prefer an electric car.
Will The Honda Civic Tyre-R Or The NSX Come To India?
Currently, there is no market for an expensive high-performance hatchback such as the Honda Civic Type-R. Honda India previously considered bringing the supercar, the NSX. But the brand has to provide aftersales operations for at least 15 years for a product in an extremely niche segment. Hence they dropped the plan.
Will Honda Cars India Bring Back The VTEC?
While i-VTEC provides a good balance between power and economy, it lacks the thrill of a proper VTEC. The Type 2 Honda City was equipped with a 1.5-litre VTEC engine. But soon, Honda replaced the City's engine with i-VTEC units. The old VTEC cannot meet today's emission norms and also Honda buyers are looking forward to better fuel economy.
Can We Expect A Sporty Variant Of The Honda Jazz?
As of now, Honda India is aiming at making products for the wider audience. Honda is a ‘customer-oriented' company and the market for such performance cars is small. Hence, there are no plans for a hot hatch as of now.
Thoughts On The New Honda Models Launching In India
Honda Cars entered the Indian automotive market in 1995. Since then Honda has introduced a good product portfolio into the market. With over 348 facilities in 234 cities, Honda Cars India has a good network in the country.
With the new Honda Amaze, Civic and CR-V, the company aim at achieving even more success in the Indian passenger car segment.