With a phenomenally fuel efficient diesel engine in the kitty and some real interesting products lined up for launch, Honda is real time enthusiastic about their future prospects in the Indian auto market.
A few months back, a new excise duty ruling created a lot of flutter as well as confusion among the car manufacturers. It directly targeted SUVs and slapped an extra 3% of excise duty for them being a more apt vehicles on Indian roads.
Honda once reached the pinnacle the segments it offered cars in but then with the deregulation of petrol prices people started loosing interest in gasoline cars and this had a direct impact on Honda’s car sales.
Japan’s third largest auto manufacturer, Honda had a real bad last year but the current year is seeing them do pretty well so far majorly attributed to