Honda Cars India Limited, a wholly possessed arm of the Japanese car manufacturer Honda Motor Co., has disclosed plans to export its i-DTEC diesel engine constituents to South East Asia as well as Europe from the Indian market.
At the present time, the said i-DTEC motor supplies the power for the functioning of the auto giant’s newest vehicle – Amaze entry level sedan in the Indian vehicle zone.
Together with exports, the Japanese car manufacturer would also roll out 3 to 4 new diesel catered cars of its subsisting model fleet that would help it in augmenting its vehicle sales recital in the nation.
While telling about the company’s upcoming proposals for the Indian market, Mr. Jnaneswar Sen, Senior Vice President (VP), Honda Cars India Limited, stated, “We will export diesel engine constituents to the European and South East Asian markets from the domestic market. In 2013-14, the main objective is Rs. 500 crore as compared to Rs. 332 crore recorded during the last financial year (2012-13).”
The auto firm looks to be untroubled by the Indian administration’s verdict to take out excise duty cuts on diesel vehicles.
The company is sure-footed that diesel catered vehicle section would witness positive demand and carry on growing in the coming time.
Mr. Jnaneswar stated that the administration’s verdict did take them by surprise. However, the popularity for diesel would stay sturdy in the Indian market.
The Honda’s Senior vice president also said that Honda Cars India Limited is functioning on bringing diesel catered Jazz and City models, together with fresh compact Sports Utility Vehicle (SUV) and 7-seater Multi Purpose Vehicle (MPV).
These vehicles are likely to witness Indian daylight by the coming 2 to 3 years and would be catered with 1.5 litre or 1.6 litre oil burners, together with petrol options.
As a result, Honda Cars India Ltd’s plan of strengthening its diesel line-up is looking sizeable for both the firm as well as its clients.