Latest Car News in India

Thursday, August 30, 2012

By Manoj Kumawat

Honda to soon split itself from Shriram Group, split not to affect Brio, City Diesel launch

If a layman is asked about what Honda do in India should, the obvious answer would be that it should launch Honda City Diesel and Honda Brio Diesel. But Honda seems to be busy with other things and it is related to its partnership with Siddharth Shriram Group. It is believed that the car maker is all set to make its own way now on after being with the said Group for over 17 years. If the split takes place, Honda Siel Cars India will become Honda India and Honda will be the sole owner of it. This is in line with what Renault and Mahindra did a year ago after launching the Mahindra Verito known as erstwhile Mahindra Logan.

Honda Brio Pictures

See More Honda Brio Photos Get Honda Brio Price


It seems that the parting trend has set in well in the auto industry and the most recent split was between Tata and Fiat when the latter had decided to showcase its two car Fiat Linea sedan and Fiat Punto hatchback at exclusive showroom and not at Tata showrooms. Similarly, reports confirm that the Honda maker has almost gone through the formalities and it is also learnt that Shriram has sold its stake to Honda and has taken Rs 180 crore in return. This change is believed not to affect the launch of the new Honda cars in any way and it is also believed that Honda City CNG launch and Honda City Diesel as well as Honda Brio Diesel launch plans are also intact for this year end.

Honda City Pictures

See More Honda City Photos Get Honda City Price


Reason behind this split seems to be the dwindling profits of the Joint Venture Honda Siel Cars India but experts believe that the JV had nothing wrong in it. It was due to the natural calamities in 2011 that production was hit and so was the Honda profit. Next, it was the diesel car wave triggered by the increase in petrol prices and being all petrol car makers, Honda suffered the most after Maruti that has most of its offerings in petrol.

Comments (4)

car_lover1986@yahoo.in

Vikram

Thursday, August 30, 2012

when Honda brio diesel will launch?

srahul650@yahoo.in

Rahul

Thursday, August 30, 2012

The car has sporty and stylish exteriors. The mileage given by the car is very decent. Performance is very satisfactory and I am very happy with the car.

ramangrover002@gmail.com

Raman

Friday, August 31, 2012

Honda Brio is the best for small car lovers.

Simmi_mehendiratta@yahoo.com

Simmi

Thursday, September 06, 2012

Honda brio comes with great looks and advance features.

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