Honda Siel Cars India
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|
| Subsidiary | |
| Industry | Automotive |
| Founded | 1995 |
| Headquarters | Greater Noida, Uttar Pradesh |
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Number of locations
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2 |
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Key people
|
Yoichiro Ueno |
| Products | Automobiles |
| Parent | Honda |
| Website | hondacarindia |
Yoichiro Ueno
(President and CEO) -
Mr. Yoichiro Ueno is President & CEO of Honda Cars India Ltd. with effect from 1st April, 2016.
Honda Cars India Ltd (HCIL) is a subsidiary of Honda of Japan for the production, marketing and export of passenger cars in India. Formerly known as Honda Siel Cars India Ltd, it began operations in 1995 as a joint venture between Honda Motor Company and Usha International of Siddharth Shriram Group. In August, 2012, Honda bought out Usha International's entire 3.16 percent stake for ₹1.8 billion in the joint venture. The company officially changed its name to Honda Cars India Ltd (HCIL) and became a 100% subsidiary of Honda.
It operates production facilities at Greater Noida in Uttar Pradesh and at Bhiwadi in Rajasthan. The company's total investment in its production facilities in India as of 2010 was over ₹16.2 billion.
HCIL's first manufacturing unit at Greater Noida began operations in 1997. Set up at an initial investment of over ₹4.5 billion, the plant is spread over 150 acres (0.61 km2). The initial capacity of the plant was 30,000 cars per year, which was thereafter increased to 50,000 cars on a two-shift basis. The capacity has further been enhanced to 100,000 units annually as of 2008. This expansion led to an increase in the covered area in the plant from 107,000 square metres (1,150,000 sq ft) to over 130,000 m2 (1,400,000 sq ft).
Honda set up its second plant in India at Tapukara in Alwar District of Rajasthan, spread over 450 acres (1.8 km2) with an investment of ₹3526 crores. It operates under the ISO 9001 standard for quality management and ISO 14001 for environment management.
HCIL has 331 dealership outlets across 121 cities in 20 states and 3 Union Territories of India.
It sold 189,062 units during the period between April 2014 and March 2015 as against 1,34,399 units during the same period a year ago, recording an increase of over 44%.
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