Despite a 26 per cent rise in revenues, as well as 18 per cent increase in overall volumes, the company said it faced high input costs which hit margins.
The President and Representing Director, Toshihiro Mibe, Honda Motor Co. outlined a plan for introducing electric two-wheelers in the near future, in his remarks for the Group's bigger global aspiration.
Royal Enfield has registered the 'Shotgun' name in India for one of its upcoming two-wheelers. It was last year that Eicher Motors CEO, Vinod Dasari said that Royal Enfield will launch one motorcycle every quarter, including updated models.
Honda Motorcycle and Scooter India (HMSI) has announced that it will temporarily halt manufacturing operations at all its four plants in India from May 1, 2021 to May 15, 2021. The company will utilise this time to carry out maintenance work at its manufacturing facilities.
