Honda cars India Ltd (HCIL) is a part of the Honda group from Japan to produce, assemble, sell and export cars in India.
Started in 1995, initially called Honda siel cars India Ltd as it was a joint venture between Honda and Usha International group. In August 2012, Honda bought the complete shares from Usha group & changed its name to Honda Cars India Ltd.
HCIL is headquartered in Greater Noida, Uttar Pradesh. It has one more plant in Bhiwadi, Rajasthan. The initial capacity was 30,000 cars per annum & it has enhanced its facilities to produce over 240000 units at present (Both the plants combined). Honda City was the first car launched by HCIL. Its latest launch is Honda BR-V. Its Honda City was awarded the Highest Ranked 'Midsize Car' In JD Power Asia Pacific 2012 for its great quality. HCIL has increased its market share from 2.07% in financial year 2012 to 7.20 % in the financial year 2016.
As a whole brand, Honda has won the manufacturer of the year awards by Bloomberg TV auto car awards. The company witnessed a high level management change this year on April 1, 2016 with Yoichiro Ueno (who served as Chief Executive Officer and Managing Director of Honda Malaysia) taking over as the new CEO of the new subsidiary. The Japan car maker has sold about 189062 finished units for the fiscal year of 2015.