Honda Siel Cars India Limited
) is a joint venture between the Honda Motor Company
of Japan and Siel Limited
, a Siddharth Shriram Group
company. It currently is the 8th largest car maker in India
after Maruti Suzuki
. It was begun in December 1995. The venture was begun with the aim of delivering Honda's passenger car models and technologies to the Indian market. The total investment made by the company in India till date is over Rs. 800 crores.
Mr. Takashi Nagai is the current President and CEO of HSCI. He took over this post in August 2005.
HSCI's manufacturing unit was set up in 1997 at Greater Noida
, Uttar Pradesh
with an investment of Rs. 450 crore. The green-field project is spread across of land (over 6,00,000 sq. m.). The second manufacturing plant is set up in Bhiwadi, Rajasthan.
The initial installed capacity of the plant was 30,000 cars per annum, which was thereafter increased to 50,000 cars on a two-shift basis. The capacity has further been enhanced to 1,00,000 units annually in February 2008 . The capacity expansion was necessitated by the excellent performance of all the Honda models, particularly the growing demand for City in India. Several modifications were done by the company with the objective of offering higher quality products to its customers, faster and quicker. The... Read More