HSCI
Honda Siel Cars India
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| Type | Joint venture |
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| Industry | Automotive |
| Founded | December 1995 |
| Headquarters | Noida, Uttar Pradesh |
| Key people | Mr. Takashi Nagai, President and CEO |
| Products | Automobiles |
| Parent | Honda Motor Company |
| Website | www.hondacarindia.com |
Honda Siel Cars India Limited (HSCI) is a joint venture between the Honda Motor Company of Japan and Siel Limited, a Siddharth Shriram Group company. It currently is the 8th largest car maker in India after Maruti Suzuki, Hyundai, Tata, Mahindra, Chevrolet, Ford and Toyota. It was begun in December 1995. The venture was begun with the aim of delivering Honda's passenger car models and technologies to the Indian market. The total investment made by the company in India till date is over Rs. 800 crores.
Mr. Takashi Nagai is the current President and CEO of HSCI. He took over this post in August 2005.
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Manufacturing Facilities
HSCI's manufacturing unit was set up in 1997 at Greater Noida, Uttar Pradesh with an investment of Rs. 450 crore. The green-field project is spread across 150 acres (0.61 km2) of land (over 6,00,000 sq. m.). The second manufacturing plant is set up in Bhiwadi, Rajasthan.
The initial installed capacity of the plant was 30,000 cars per annum, which was thereafter increased to 50,000 cars on a two-shift basis. The capacity has further been enhanced to 1,00,000 units annually in February 2008 . The capacity expansion was necessitated by the excellent performance of all the Honda models, particularly the growing demand for City in India. Several modifications were done by the company with the objective of offering higher quality products to its customers, faster and quicker. The expansion process also included expansion of the covered area in the plant, from 1,07,000 m². to 1,31,794 m².
HSCI currently produces the newly launched Honda Jazz, City, Civic and Accord models in India and the premium SUV, CR-V is sold as a fully imported unit from Japan.The company operates under the stringent standards of ISO 9001 for quality management and ISO 14001 for environment management.
Models
Manufactured Locally
- Honda City (Launched 1998)
- Honda Accord (Launched 2001)
- Honda Civic (Launched 2006)
- Honda Jazz (Launched 2009)
- Honda Brio (Will be launched on 2011)
Imported
- Honda CR-V (Launched 2003)
Discontinued
None
Sales and Service Network
Honda Siel Cars India has 127 dealerships across 79 cities in 20 states and 3 Union Territories of India.
Sales performance
Honda Siel Cars India (HSCI) Ltd., leading manufacturer of premium cars in India, sold 55,884 units during the period April '09 - February '10 as against 45,052 units during the same period last year recording an increase of 24%.
Awards
2006
- Best Indian Company (unlisted) by Business Standard Group
- Manufacturer of the Year by NDTV Profit-Car India
- Manufacturer of the Year by CNBC-TV 18 Autocar India
- No 1 Mid Size Car (Honda City); No 1 Entry Luxury Car (Honda Accord) and No 1 Premium SUV (Honda CR-V) by TNS
- Best Mid-size Car in Initial Quality (Honda City) and Most Appealing Mid-size car (Honda City) by JD Power
2005
- CNBC Autocar CAR of the year 2004 - Honda City
- ICICI Overdrive SUV of the Year 2004 - Honda CR-V
- ICICI Overdrive Car of the Year 2004 - Honda City
- Business Standard Motoring Car of the Year 2004 - Honda City
See also
- Honda Motor Company
- Hero Honda
- Honda Motorcycle & Scooter India, Private Limited
- Automobile industry in India
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