Latest news with #HondaElevate
NDTV
2 days ago
- Automotive
- NDTV
Honda Cars India's Total Wholesale In May'25 Stood At 5,985 Units
Honda Cars India Ltd. (HCIL), registered total sales of 5,985 units in May'25. Domestic sales of the company stood at 3,950 units and exports at 2,035 units. Sharing thoughts on the sales performance, Mr. Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd. said, "In view of the prevailing market conditions and subdued consumer sentiment, we continued to strategically moderate our dispatches in May to maintain optimal inventory levels across our network, while remaining optimistic about improved retail performance in the coming months supported by forecasts of a better monsoon." In the corresponding month last year, the Japanese marque retailed 4,822 units in the Indian market, while the export figures stood at 6,521 units. Besides, the new helmsman, Takashi Nakajima, who recently took over as the president and CEO of the company from Takuya Tsumura, made a slew of announcements at an informal event in Delhi. One of the highlights was the confirmation of the launch of a new battery electric vehicle (BEV) in the next fiscal year. It will not be based on the Honda Elevate, as speculated earlier, but instead it will be an EV made specifically for the Indian market. Honda hasn't made it clear whether the new EV will be an SUV or a sedan, but sources suggest that it is likely to be SUV, that could go up against the likes of the Maruti Suzuki e-Vitara, Hyundai Creta EV, Tata Curvv EV and so on. The company believes in having a different brand strategy for ICE and electric vehicles, unlike some other brands which opt for the same/similar branding. Honda is also silently working on its charging infrastructure, so that when the new EV arrives, the support network will be ready.
News18
25-05-2025
- Automotive
- News18
Honda To Add New BEV Next Fiscal With Focus On Hybrid Models, Here's What Top Official Says
Last Updated: The announcement has been made by the new helmsman, Takashi Nakajima, who was recently appointed as the president and CEO of the company. As the electric segment is reaching new heights, a lot of top car makers have started putting more effort into the vertical. Amid the massive boom, the top player, Honda, also announced that bring a new Battery Electric Vehicle (BEV) for the Indian market. The announcement has been made by the new helmsman, Takashi Nakajima, who was recently appointed as the president and CEO of the company, reported by NDTV Auto. According to the reports, he confirmed that the launch of a new battery electric vehicle (BEV) might take place next fiscal year. Here's What Reports Say The top official did not reveal many details about the same during the event. However, some reports suggested that the upcoming EV will not be based on the Honda Elevate. Instead, it will arrive as a new pure EV, and will be specially made for the Indian market and its road conditions. Electric Sedan Or E-SUV? It is likely to be released in the SUV segment, giving more options to customers to choose from in the EV vertical. Apart from this, the customers can expect the few models with hybrid technology as well. Once launched, the EV might dominate the market and will give tough competition to the ongoing hot-selling products, Hyundai Creta EV, Tata Curvv EV, Mahindra BE 6 and Maruti Suzuki e-Vitara. It will be considered as the key model for the brand to establish its image in the segment, and contribute to the market with a tech-loaded product to its full potential. Currently, Honda offers a wide range of models in the Indian market. The list includes City, Elevate, Amaze and old-gen Amaze in India. Only the city comes with hybrid technology. The customers can expect the upcoming offerings in the hybrid tech as well, soon. First Published: May 25, 2025, 09:00 IST
NDTV
24-05-2025
- Automotive
- NDTV
Honda Cars India To Launch New BEV Next Fiscal Year; Will Focus On Hybrids Too
Honda Cars India has a new helmsman, Takashi Nakajima, who recently took over as the president and CEO of the company from Takuya Tsumura, made a slew of announcements at an informal event in Delhi. One of the highlights was the confirmation of the launch of a new battery electric vehicle (BEV) in the next fiscal year. It will not be based on the Honda Elevate, as speculated earlier, but instead it will be an EV made specifically for the Indian market. Honda hasn't made it clear whether the new EV will be an SUV or a sedan, but sources suggest that it is likely to be SUV, that could go up against the likes of the Maruti Suzuki e-Vitara, Hyundai Creta EV, Tata Curvv EV and so on. The company believes in having a different brand strategy for ICE and electric vehicles, unlike some other brands which opt for the same/similar branding. Honda is also silently working on its charging infrastructure, so that when the new EV arrives, the support network will be ready. The other highlight is that Honda sees India as one of its top three markets after Japan and USA. The new electric SUV will be one of the key models for Honda to step into the lucrative electric vehicle segment in India that is yet to unlock its full potential. Lastly, Nakajima San also stressed on the importance of hybrid technology and confirmed that more hybrid cars are on their way to India. There are also talks of a brand-new platform based on Honda's new e-HEV hybrid system with a 1.5-litre petrol engine and a new electric AWD unit that is still under wraps. At present Honda sells the Elevate, City, Amaze and old-gen Amaze in India, with only the City having a hybrid setup. But the new top management does believe in the potential of the country and is ready to bring in a slew of new hybrid and EV models in the next few years.
India Today
24-05-2025
- Automotive
- India Today
Honda to bring brand a new EV next fiscal, not Elevate EV. Hybrids on cards as well
Honda has always been an icon in India. The company launched the Honda City way back in time, and from then on, this sedan has seen constant development. The Honda CR-V SUV also created quite a buzz back in the day with its good looks and strong performance. Then came the iconic Honda Civic which back in the day looked nothing short of a spaceship. It got even better when the company showed a brave face by launching the Civic Hybrid as well. From then on, the company somehow changed focus and in came cars like the Honda Amaze and now the Honda Elevate. But somehow, the new generation Hondas were not well received by the Indian audience. But all that could change rapidly, going by the words of Takashi Nakajima, the new president and CEO of Honda Cars India Limited. Nakajima says that the first BEV from the company is all set to launch next fiscal year and that more hybrids with the next-gen HEV technology will also make their way into India. So what does that mean? Let's delve deeper. As per the new president and CEO of Honda Cars India Limited, Takashi Nakajima, the first BEV from the company will come next fiscal year, along with more hybrids. advertisementThe Honda EVHonda had recently announced that it is getting an EV ready for India and that it will be based on the recently launched Honda Elevate. However things have changed now and the new EV will be a brand new vehicle and will not be based on the Elevate. While details are yet to emerge, we understand that Honda now believes that to succeed in India, the company has to differentiate between EV and ICE models. So rather than go the Hyundai way, where the Creta ICE and EVs look rather identical, it might go the Mahindra way and create a brand new models like the Mahindra BE 6 and the Mahindra XEV 9e. This, we believe is a great move and should establish the Japanese major as a strong player in the brand is all set to launch an EV soon, Honda is busy developing its charging network so that customers can buy the vehicle in hybrids on cards Honda was one of the first movers with hybrids. They launched the civic hybrid in 2008. Honda launched the first hybrid in India back in 2008. It was the Civic Hybrid and was quite a revolution back in the day with its sleek looks and excellent performance. The company also offers the Honda City e:HEV in India that apart from ultra low emissions also offers an incredible fuel efficiency of 27.26kmpl. Hybrids surely is what India needs and Nakajima says that the company will bring the new generation HEV technology to new gen tech deploys a 1.5-litre petrol engine that is cleaner than ever before offering nearly 40 per cent better efficiency. It will also be cost-effective. The system could also deploy a dual-motor system where there is one traction motor and the other one being a generator conclude, Honda surely is getting back on track to offer products that are not only aimed at fan boys but a more younger audience and we believe it is the right way to Auto Today Magazine
Hindustan Times
21-05-2025
- Automotive
- Hindustan Times
Honda scales back EV goals, shifts focus to hybrids amid global EV slowdown
Originally aiming for EVs to comprise 30 per cent of its global vehicle sales by 2030, Honda has now abandoned that target Check Offers Japanese carmaker Honda is making a sweeping change to its global strategy for electric vehicles (EVs), claiming a decline in EV market demand in the U.S., and rising market uncertainties. The company will then cut back on investments in electrification and put its focus on hybrid vehicles in the immediate future followed by a desire to go electric long-term. EV targets pulled back as market cools Originally aiming for EVs to comprise 30 per cent of its global vehicle sales by 2030, Honda has now abandoned that target. The company also trimmed its planned investment in electrification from 10 trillion yen (USD 69 billion) to 7 trillion yen (USD 48 billion) by the fiscal year ending 2031. Also Read : Honda banks on India to power its global electric two wheeler market leadership bid CEO Toshihiro Mibe described the move as a "course correction" rather than a change in long-term vision. He emphasized that Honda is still committed to electrification but will delay the transition in response to current challenges. 'The environment surrounding the automobile industry is changing day by day," Honda noted in an official statement. 'There is increasing uncertainty, especially due to a slowdown in the EV market and evolving environmental regulations." Focus shifts to hybrids and flexible production Under the new strategy, Honda will become more aggressive in the hybrid segment, especially in regions where EV sales are slower to take off. The Marysville Ohio plant and other such facilities will be modified to make both EVs and hybrids to enable the company to be more flexible in production according to how the consumer base shifts. Honda's hybrid pivot also arrives during political headwinds in the U.S., such as potential tariff shifts and diminished policy favor for EVs. Though Mibe did not specifically name former U.S. President Donald Trump, the automaker's realignment seems partly driven by this shifting regulatory environment. Motorcycles, digital safety, and industry collaborations While EVs are experiencing headwinds, Honda is meanwhile experiencing solid momentum in its motorcycle business—most notably, in India, where increasing demand and market share are solidifying its standing worldwide. Also Read : Made-in-India Honda Elevate secures 5 stars in Japan NCAP On the technology side, Honda is spending on sophisticated driver-assist systems and digital safety technologies with the ultimate aim of reaching a zero-traffic-fatality target. Meanwhile, Honda assured that negotiations on a merger with Nissan and Mitsubishi have broken down, although discussions on technology cooperation continue. No timeline has been provided for potential joint initiatives. Despite a 24.5 per cent drop in annual profits, largely due to tariffs and declining sales in China, Honda remains optimistic about its diversified global approach and the flexibility of its revised strategy. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 21 May 2025, 08:50 AM IST
