Kolkata: Japanese automotive maker Honda will introduce one new product yearly for the following three to 5 years to lift its market share within the Indian market, an organization official stated. Honda Vehicles India presently has two fashions within the nation, a compact sedan and a sedan, which accounts for two.5 per cent market share within the nation.
“We’re going to launch one new mannequin yearly for the following three to 5 years. These might be both new fashions or variants”, Kunal Behl, VP (advertising and gross sales), Honda Vehicles India stated.
Behl stated that there are additionally plans to re-launch an SUV within the first half of the following fiscal yr to experience on the booming phase within the nation.
He stated that Honda in India is anticipated to develop eight per cent within the present fiscal yr, with round 92,000 models.
Apart from, the corporate can be exporting automobiles from India to Turkiye, Mexico, South Africa and West Asia, comprising 23,000 models within the present fiscal.
“This export progress was 25 per cent increased than the earlier interval”, he added.
Behl stated with Honda launching a hybrid mannequin within the nation presently, the corporate plans to launch a completely electrical car within the nation. Nonetheless, he didn’t give any time-frame.
Honda had already withdrawn its two hatchbacks and SUVs from the Indian market.
Behl stated that the corporate has a capability of 1.8 lakh every year at its Rajashthan plant and is scalable, he added.