Tag: HMSI

HMSI recalls 2022 CB300R models due to engine safety concerns

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Honda Motorcycle & Scooter India (HMSI), a leading two-wheeler manufacturer, has announced a voluntary recall for a limited number of units of its 2022 year model CB300R motorcycles. The recall has been initiated due to an inappropriate manufacturing process of the right crankcase cover of the engine, which has raised concerns about engine safety.

The company has identified that there is a risk of the sealing plug dislodging due to low retention force caused by engine heat, which could result in oil spillage and potentially lead to a fire hazard. As a precautionary measure, Honda Motorcycle & Scooter India has decided to recall the affected units of CB300R motorcycles to address this safety concern.

The replacement is set to commence from 15th April and will be carried out at all BigWing dealerships across India. The affected parts, including the right crankcase cover, will be replaced free of cost, regardless of the warranty status of the motorcycles.

This proactive recall by Honda Motorcycle & Scooter India is part of its commitment to quality and safety standards. The company remains focused on providing reliable and safe motorcycles to its customers.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Honda Motorcycle & Scooter India plans entry into electric vehicle segment

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Honda Motorcycle & Scooter India (HMSI) on Thursday said it plans to launch multiple electric models, foray into entry level 100 cc bike segment, and enhance exports as part of the future business roadmap in the country. The company plans to develop its Manesar-based manufacturing plant as a global hub for overseas shipments.

The Japanese automaker is also aggressively pursuing the development of fuel-efficient products and planning a phase-wise implementation and integration of flex fuel technology in its model range. “Bringing the synergies of Honda’s global expertise with strong indigenous support, HMSI will further expand its horizons in India,” HMSI MD, President and CEO Atsushi Ogata told the reporters.

A staggered implementation of flex fuel technology and multiple EV model introduction in the future will lead to an exciting journey ahead, he added. The EV introductions will happen while leveraging support from Honda’s other subsidiaries in the country.

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Currently, the company is in a feasibility study stage for readying the EV model line up and developing the overall ecosystem in India. “The company also plans to enter low end motorcycle segment while boosting its new fun models’ business in domestic market,” Ogata noted.

Parallelly, the company aims to serve more developed countries from India, he added. HMSI currently exports to 40 countries.

“Moving further, though supply chain issues still persist and the industry facing head winds of increasing commodity and fuel prices, we anticipate a sustained market recovery on a lower base of last fiscal,” HMSI Director (Sales and Marketing) Yadvinder Singh Guleria said. A leader in scooter segment, HMSI currently rolls out its model range from four manufacturing plants — Manesar (Haryana), Tapukara (Rajasthan), Narsapura (Karnataka) and Vithalapur (Gujarat).

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Two-wheeler dealers worried about high inventory levels ahead of festive season

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Two-wheeler makers were grappling with muted demand in the domestic market. This has, in turn, resulted in an inventory build-up which was worrying the dealers. In August, there was a decline in domestic sales across-the-board decline for two-wheeler manufacturers. It has led to a build-up in inventory ahead of the festive season as of today.

Sources told CNBC-TV18 that two-wheeler inventory on an average would be 40 to 45 days, which is quite high compared to the normal inventory of 25 to 30 days.

While high inventory just ahead of the festive season is a normal trend but in these times when there is a lack of demand in the domestic market, dealers are worried about their investment.

According to industry estimates, the inventory, dealer stock for Hero MotoCorp would be somewhere around 7 to 8 weeks. It would be the highest inventory among two-wheeler manufacturers.

While their sales in August declined 22 percent on a year-on-year basis, the domestic sales declined 24 percent. This was the sharpest decline among two-wheeler manufacturers.

For Bajaj Auto, the inventory is about 5 to 6 weeks; similarly of TVS would also be in this range. Domestic sales for both these companies had declined, but as far as exports are concerned, they remained strong.

Honda Motorcycle and Scooter India (HMSI), another large two-wheeler manufacturer in the country, has 4 to 5 weeks of inventory. Overall sales for HMSI had declined 2.9 percent, domestic sales had declined 6.2 percent.

So high inventory amid muted demand is a big worry for automobile manufacturers as they enter the festive season.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Honda Motorcycle & Scooter India July sales rise 20% to 3,85,533 units

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Honda Motorcycle & Scooter India (HMSI) on Tuesday reported a 20 percent rise in total sales at 3,85,533 units in July. The company had sold 3,21,583 units in the same month last year.

Domestic sales last month stood at 3,40,133 units, as against 3,09,332 units in July 2020, a growth of 10 percent. “Gradually ramping up production while monitoring the market situation, Honda’s sales momentum continues to accelerate with July month reaching closer to 4 lakh unit mark,” HMSI Director Sales & Marketing Yadvinder Singh Guleria said in a statement.

He further said, “With the majority of our dealer network resuming operations across the country, a sharp surge in enquiries for scooters followed by motorcycles is being witnessed. Backed by a good monsoon, increasing preference for personal mobility and upcoming festival season, we expect faster recovery for the market.” HMSI said its exports last month stood at 45,400 units, as against 12,251 units in July 2020, the company said.

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3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Honda Motorcycle & Scooter launches premium bike CB650R in India

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Expanding its premium motorcycle range in the country, Honda Motorcycle & Scooter India on Tuesday launched its CB650R model in the domestic market while rolling out an updated edition of its 649-cc motorcycle CBR650R.

The two new models (CBR650R and CB650R), brought in as completely knocked down (CKDs) units, are priced at Rs 8.88 lakh and 8.67 lakh (ex-showroom Gurugram), respectively, the company said.

The 2021 model of CBR650R has received a range of improvements while marking its India debut, the neo sports caf inspired 2021 CB650R is for young riders seeking a combination of exhilarating four-cylinder engine performance and light, versatile, refined chassis handling, Honda Motorcycle Scooter India (HMSI) said.

Honda is committed to provide the best from the worlds of racing, adventure and roadsters to Indian riders. We are proud to add two highly awaited models 2021 CBR650R and CB650R in our premium motorcycle product portfolio, said Atsushi Ogata, Managing Director, President & CEO, Honda Motorcycle & Scooter India Pvt Ltd.

Ever since its launch, CBR650R has been the heart throb of young motorcycle enthusiasts. Further strengthening our product portfolio of premium motorcycles, we are introducing for the first time in India, CB650R to take the excitement in the middleweight naked sports category a notch higher, said Yadvinder Singh Guleria, Director for sales and marketing at HMSI. .

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Honda forays into mid-size bike segment, unveils H’ness CB350

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Honda Motorcycle & Scooter India (HMSI) on Wednesday globally unveiled a 350 cc bike, H’ness CB350, marking its entry into the growing mid-sized motorcycle segment in the country. The bike comes with a BS-VI compliant petrol engine, and would be sold from the company’s ‘Big Wing’ sales network.

The model would be available in two variants — Deluxe and Deluxe Pro, with ex-showroom price expected to start around Rs 1.9 lakh. “This is a completely new product from Honda’s globally renowned CB range and would be priced around Rs 1.9 lakh,” HMSI Managing Director, President & CEO Atsushi Ogata told reporters.

The company has already started taking bookings of the model on its website and Big Wing outlets, he added. Ogata said the company is looking at expanding Big Wing sales network across the country.

“of the fiscal, we aim to have around 50 such dealerships across the country,” he noted. Ogata said the company took insights from Indian riders for developing the bike. “To this end, the latest technologies are generously reflected in its nine new patent applications. Today, we are proud to usher in a new motorcycling culture in the mid-size segment with this global unveiling of H’ness CB350,” he added.

The bike, which comes with over 90 per cent localisation, would be manufactured at HMSI’s Manesar plant. The company said it would focus on catering to the Indian market first and would later focus on exporting it to other markets.

“It is BS-VI compliant and thus can be exported. We would be speaking to our network in other countries for exports, but as every country has different set of regulations, it is going to take some time,” Ogata said. HMSI Director Sales and Marketing Yadvinder Singh Guleria said the company would further expand its big bike portfolio in the country.

“This is just the beginning. We will also come up with riders club and other activities for our customers,” he noted. Guleria said the company had been keenly following the mid-sized bike segment in the country for some time now.

“The mid-size bike segment offers totally new potential for us. It is a growing space with people going for fun riding and long road trips,” he added. With H’ness CB350, HMSI would now be competing primarily with Royal Enfield which sells models in the mid-size bike segment.

H’ness CB350 comes with various features like smartphone voice control system, alloy wheels, engine start/stop function, among others. “H’ness CB350, proudly takes forward the rich legacy of Honda’s CB DNA and provides the joy of riding through a wide range of situations like daily use in the city or long road trips,” Guleria said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

HMSI forays into 180-200cc bike segment in India with Hornet 2.0

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Honda Motorcycle and Scooter India (HMSI) on Thursday said it has forayed into 180-200cc bike segment in the country with the launch of all-new model Hornet 2.0, priced at Rs 1.26 lakh (ex-showroom Gurgaon).

The new model comes with all-new 184cc BS-VI powertrain, new platform and features like engine stop-start system, among others.
“It is the beginning of Honda’s new era of portfolio expansion catering to a wide range of customers in India,” HMSI Managing Director, President and CEO Atsushi Ogata told reporters.

He said the bike would also be exported to various global markets.
Replying to a query, Ogata said the company would look at introducing various other models in the premium segment during the course of the year.

“The company would look at filling gaps in product portfolio whether it is entry-level or mid-segment or premium or high spec models,” HMSI Director Sales and marketing Yadvinder Singh Guleria added.

On the current market environment, he said demand for two-wheelers is expected to increase with people looking to opt for a personal mode of travel due to the COVID-19 situation.

The company is looking to overcome challenges of production and supply chain in order to cater to demand in the upcoming festive season, he noted.

Guleria said the dispatches of the new model have begun and the units would start arriving at dealerships in the first week of September.

HMSI used to sell 160cc CB Hornet 160R in India, which got discontinued after the implementation of BS-VI emission norms from April 1 this year.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow