Honda is planning to regain lost grounds by launching new models in India
Advertisement
Advertisement
Honda is planning this move so that it can meet the new changes as they have lost the grounds in the Indian markets.
"The market is changing. We are seeing a big shift from A, B categories to upper segment and that's why
He also said that there have been a tremendous growth in the SUV segment and the country can expect to see some new SUV models under the brand.
He also admitted that the gap between the products in different segments has not helped the company.
Advertisement
He also said that Honda needs to see the change in the demands of the customers and it is important for Honda to catch up. he also confirmed that the company is planning to develop models specifically for Indian market.
"At the moment, our strategy is to bring global models rather than exclusively develop for any specific market," he told ET.
The shift of demand from petrol to diesel has also made the company loose the popularity it once had. "Unfortunately, from end of last year to this year, there was mismatching of the inventory. Our inventory was not matching the market demand. However, by July this year, "dealer supplies normalised and so the situation is now coming back to normal," he said.
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market