Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

We won't support this browser soon. For a better experience, we recommend using another browser. Learn More


Honda to make India an export hub for critical components

July 24, 2014, 02:19 PM IST by Ranjan R. Bhat
Honda to make India an export hub for critical components

Honda has announced that it is planning to make India an export hub to supply critical components to emerging markets in Asia and Latin America. This was revealed by Mr. Yoshiyuki Matsumoto, managing officer and representative of development, purchasing and production, Honda, Asia and Oceania region, who also added that they were putting a long-term parts sourcing plan in place which would start with manual transmissions.

Earlier this year, Honda revealed that they were planning to increase the production capacity at the Tapukara facility with the aim of doubling the sourcing of automobile components and engines for its foreign markets. The Tapukara facility manufactures engines, axles and other auto components that are used for cars produced in India as well as for the export market in small numbers. However, this announcement now reveals that the export strategy will make the Indian subsidiary one of the company’s biggest export hubs.

"Honda has businesses across the globe and we are looking at export of critical parts from India. Going ahead, we plan India as one of the major bases to ship manual transmissions for different class of passenger vehicles across different markets, which would help us develop and leverage a long-term competitive sourcing base our of India," Matsumoto said.

Honda aims to breach the six million mark by March 2017 for vehicles sold globally of which, the Asia Oceanic region is expected to make up 1.2 million units. Reducing production costs is one of the most obvious ways of increasing profits and Honda plans to cash in on India’s low-cost labour and manufacturing techniques to fuel its growth. Hyundai, Nissan and Renault are other manufacturers who have been taking advantage of the country’s prowess in cheap and efficient manufacturing to export cars to other global markets. 

Honda Mobilio launched in India at Rs 6.49 lakh

Honda to bring the next-generation Jazz to India in 2015

  • Honda
  • FaceBook Logo
  • Twitter Logo
  • Email Logo
Show CommentsHide Comments
bell icon
Never miss an update
Receive latest updates from CarWale
  • Upcoming Cars

Tata Nexon EVTata Nexon EV

28th Jan 2020

15L - ₹ 17L
Mercedes-Benz GLE NewMercedes-Benz GLE New

29th Jan 2020

65L - ₹ 80L
Land Rover New Range Rover EvoqueLand Rover New Range Rover Evoque

30th Jan 2020

53L - ₹ 70L
Lexus LC 500hLexus LC 500h

31st Jan 2020

1.60Cr - ₹ 2Cr
Kia CarnivalKia Carnival

5th Feb 2020

25L - ₹ 27L
All Upcoming Cars
Buying a new Car?Ask the experts1800 2090 230(Toll free)
Ad*T&C Apply


Starts at ₹5.29 Lakh*

Explore More

Select your city to avail offers

Currently available only in