Signalling a massive industry shift, the two companies said in a joint statement Monday that they would wrap up talks around June 2025 and set up a holding company by August 2026.
Honda is betting its success on the fact that the Elevate will feature the ‘Honda Sensing’ suite, advanced driver assistance system features that will be a first in the segment.
Financing of electric vehicles is becoming easier but financial institutions and investors of electric vehicle companies will be wary of government's ongoing investigations.
Plans to set up a manufacturing plant & bolster existing infrastructure, says MD, president & CEO Atsushi Ogata. Aim is to achieve annual production capacity of 1 million by 2030.
Honda Cars India Ltd CEO Takuya Tsumura says company has made efforts to communicate its plans for India market to consumers amid rumours about it shutting down business in country.
On the new Honda City e:HEV, the battery, which is a dedicated lithium-ion unit placed in the wheel-well in the luggage compartment, alone can power the car.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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