India key market for future growth, along with US, Japan: Honda
- IBEF
- October 30, 2025
Japanese automaker Honda has identified India as one of its three key global markets for future growth, alongside the United States (US) and Japan, reflecting the country’s growing importance in its long-term strategy. Speaking at the Japan Mobility Show, President and CEO of Honda Cars India, Mr. Takashi Nakajima, said India’s robust demand, particularly in the SUV segment, makes it a critical pillar for the company’s expansion. India is the most important market for the future. Our two-wheeler business is already very big, and we are now focused on strengthening our four-wheeler brand and volumes, he said.
Honda plans to introduce three new SUV models in India by FY27, including hybrid and electric variants, as part of its carbon neutrality target by 2050. The company is also exploring investment options to enhance production capacity beyond its existing Tapukara facility, which can produce 1.8 lakh units annually. Options under consideration include reviving its Greater Noida plant or establishing a new facility in southern India. Honda Cars India recorded 20% growth in sales during 2024, selling 1,31,871 units. The company aims to leverage India’s expanding SUV market and evolving consumer preferences to regain market share and strengthen its presence in one of the world’s fastest-growing automobile markets.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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