Honda Launches Maiden MPV Mobilio in Maharashtra
Mumbai: Japanese carmaker Honda on Thursday rolled out Mobilio, its first mid-sized multi-purpose vehicle (MPV), in Maharashtra, where petrol and diesel variants are priced Rs 6.49 lakh-Rs 10.86 lakh (ex-showroom Navi Mumbai).
The seven-seater Mobilio, with its strong desirable values, is set to expand the MPV segment and will appeal to a diverse range of customers, the company said after the launch here.
The Mobilio comes with a 1.5L i-DTEC diesel and 1.5L i-VTEC petrol engines, developed at the company's R&D Asia Pacific centre in Bangkok.
"India remains one of our key strategic markets in the region and I am confident that Mobilio will contribute significantly to the company's growth here," said Yoshiyuki Matsumoto, Honda Motor Company's managing officer and representative of development, purchasing and production for Asia and Oceania region.
(Also read: Mobilio's launch forces Maruti to offer big discounts on Ertiga: report)
The MPV is being manufactured at Honda Motor Car India's facility in Greater Noida near New Delhi with localisation level of more than 90 per cent.
HCIL had earlier this year launched an all-new version of its mid-sized sedan City. Its other models include compact sedan Amaze and hatchback Brio. Amaze, unveiled in April last year, was Honda's first diesel offering in India, one of the largest car markets in the world.
"The launch of Mobilio follows the success of Amaze and all-new City which led to our exceptional growth of 83 per cent in the previous financial year."
"Our ultimate goal is to be the most trusted company in India and we aim at not only creating great products but also offering an unparallelled experience to our customers," HCIL president and CEO Hironori Kanayama said.
HCIL's target of selling 3 lakh cars per year by FY'17 was very much on track, he added.
At the Auto Expo held in February, Honda Motor Japan president and CEO Takanobu Ito had announced a sales target of 3,00,000 units annually by FY'17 in India as part of its aim to sell 60 lakh vehicles globally in the same period.
Although the Japanese carmaker has forayed in the MPV segment in India with the Mobilio, it already has a big presence in the global market in this segment with models like Odyssey, Step-wagon, Elysion and Freed.
The deliveries of Mobilio started from Thursday through Honda's distribution network of 179 dealers in 114 cities across the country, HCIL said.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets