According to Kunal Behl, VP of Marketing and Sales, Honda Vehicles India plans to enhance its market share in India by releasing one new car every year for the following three to five years. With its two current models, a sedan and a small sedan, the company now enjoys a 2.5% market share. The new offerings might include both completely new versions of current products and their models.
Kunal Behl mentioned that they will relaunch an SUV in the first half of the upcoming fiscal year as part of its intentions to capitalise on the country's expanding SUV market. In addition, he stated that the company's sales in India are projected to increase by 8% during the current fiscal year. Moreover, Honda Cars India exports automobiles to Turkiye, Mexico, South Africa, and West Asia. In the current fiscal, 23,000 units were exported, which is a 25% rise from the prior quarter.
According to Kunal Behl, the company intends to introduce a fully electric vehicle in the nation. He did not, however, give an exact day or time for the rollout. Two hatchbacks and an SUV were previously pulled from the Indian market by the manufacturer. In its Rajasthan facility, Honda Vehicles India now has a 1.8 lakh annual capacity that is expandable, Behl stated.
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