ManagementHonda Siel to export engine parts to Japan...
Luxury car maker Honda Siel said today that it will commence exports of engine components like the crank shaft and connecting rod manufactured at its Rajasthan plant to its parent, Honda, in Japan, beginning from October this year.
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The short-term export order arises from capacity constraints faced at Honda’s manufacturing facilities. Honda Siel President and CEO Masahiro Takedagawa said Japan has been witnessing a surge in demand for small cars arising from the Japanese government’s stimulus package for car manufacturers.
“It is a testimony to our manufacturing quality here in India that we bagged the export order,” he said.
Honda Siel hopes to export about 60,000 engine units for the period extending up to April 2010. The company also said it will launch the automatic version of its newly launched Jazz soon.
Meanwhile, the sixth-largest car manufacturer also launched the new upgraded Honda Civic today.
The 8th generation Honda Civic, which falls under the executive segment under SIAM’s classification, incorporates advanced features like a USB port incorporated with the CD player and a sporty design. The new Civic is available in three variants and is priced between Rs 11.80 lakh and Rs 14.13 lakh (ex-showroom, Delhi).
Speaking about Honda’s second small car, which will be launched in 2011, Takedagawa said it will have increased localisation of up to 80 per cent to make it competitively priced. The premium compact car Honda Jazz, and the new City, have a localisation content of 75 per cent.