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Latest Business News, Business News India Today | The HinduBusinessLine

Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector Modi seeks opposition backing to implement women’s reservation before 2029 polls West Asia crisis: Ludhiana handtool export units face labour, gas supply shortages, high input costs Patent application filings in India rise 30.2% to 1.43 lakh in 2025-26: Goyal Meet the man with 138 degrees: Dashrath Singh, an ex-serviceman, earns latest qualification from IGNOU Europe missed AI bus, but India has potential to catch up: Former WEF Director AIG Hospitals, ICMR team up for digital health innovation Juno Joule Bio Fuels begins construction of compressed bio-gas project in Telangana Legendary playback singer Asha Bhosle dies at 92 Signature Global cuts net debt by 77% to ₹200 crore in FY26 Iran aims to restore majority of refining capability within two months Supreme Court to hear on Monday pleas related to SIR of electoral rolls in West Bengal US, India hold engagements to advance defence cooperation Trump shares article suggesting option with him to enforce naval blockade on Iran NCLAT reaffirms project-specific insolvency proceedings against realty firms Iran-US talks in Pakistan ended without deal as Tehran cites ‘excessive demands’ from US Two supertankers U-turn in Hormuz as US-Iran talks break down Time has come to implement Women's Reservation Act: PM Modi's letter to LS, RS floor leaders Iran war diverts US military, attention from Asia ahead of Trump's summit with China's leader Trump says China will have big problems if it ships arms to Iran India will soon become self-reliant in defence sector, find itself among leading nations of the world: Rajnath Singh Pakistan to continue facilitating US-Iran talks, says Dar; urges ceasefire More than 2,000 people killed by Israeli strikes in Lebanon during Israel-Hezbollah war: officials Iran denies US claims of mine clearing ships’ passage through Strait of Hormuz AI to reduce uncertainties and expand opportunities - RBI DG EAM Jaishankar meets members of Indian community in UAE 4 ways war in Iran has weakened United States in great power game US-Iran talks fail after 21 hours in Islamabad, JD Vance cites nuclear deadlock Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Islamabad talks: US and Iran begin negotiations aimed at ending West Asia conflict
‘Honda to launch 10 new cars by 2030, 6 this year’
S Ronendra Singh · 2026-05-22 · via Latest Business News, Business News India Today | The HinduBusinessLine
(left to right) Kunal Behl, V-P, Marketing & Sales, HCIL; Takashi Nakajima, President & CEO, HCIL; and Yujiro Sujino, Director Marketing & Sales, launch Honda City

(left to right) Kunal Behl, V-P, Marketing & Sales, HCIL; Takashi Nakajima, President & CEO, HCIL; and Yujiro Sujino, Director Marketing & Sales, launch Honda City

Honda Cars India (HCIL) on Friday said that it will introduce sedans and sports utility vehicles (SUVs), including compact SUVs with all the powertrain options — flex-fuel and electric vehicles (EVs) — when the demand grows in the market.

The company plans to launch 10 new products by 2030 and six within this financial year, said top officials at the company. However, it will not bring back any hatchback to the Indian market and its compact sedan Amaze will remain as the entry-level car in its portfolio, they added.

“We are looking at all the possibilities for the future...we always consider for options. For us, small car is the Amaze and now we are also looking at sub 4-metre SUV for the Indian market. Our first priority has always been the domestic market and exports come as a secondary,” said Takashi Nakajima, President and CEO of Honda Cars India.

On the West Asia crisis, he said there is not much change in the demand side in the Indian market, and the market is doing good because of the GST reduction since September last year.

On the sedan market, the company said India still has a strong market with CAGR of around 8.5 to 9 per cent over the last five years, and that is why Honda’s Amaze and City still have a strong demand.

“The hatchback segment, five years ago, was contributing 40 per cent of the total industry, but now has gone down to 23 per cent, so there is a big change...India as a market is getting more matured and it’s getting more segmented growth...the new segment, which is emerging strongly, is the 4-meters and that is where Honda is focusing,” said Kunal Behl, Vice-President, Marketing and Sales, HCIL.

new products

Meanwhile, Nakajima said India is among the top three focus markets to realise Honda’s future growth, which will be driven by a strong pipeline of new products and the company’s efforts are to achieve cost competitiveness.

“This year is a landmark year for us with six strategic launches that will sharpen our competitive edge and reinforce our brand position in the market. Recently we announced that we will be launching new models under two categories — under 4 metres and the midsize category. Last time, in Japan, we mentioned 10 models, but currently we are counting more than 10 [by 2030],” he said.

Last week in Japan, Honda Motor Company, announced that it would start introducing models tailored to the Indian market from 2028, and leverage on its two-wheeler business to upgrade customers to passenger vehicles as part of rebuilding of its automobile business and the future direction.

The company launched the new version of its popular hybrid sedan City with introductory prices starting at ₹12 lakh, going up to ₹21 lakh (ex-showroom, Delhi). It also unveiled its premium SUV ZR-V, powered by a 2-litre hybrid electric engine, which will come to India as a completely built unit from July.

Published on May 22, 2026