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Honda Motorcycle & Scooter India, Pvt. Ltd., abbreviated as HMSI, is the wholly owned Indian subsidiary of Honda Motor Company, Limited, Japan. [4] Founded in 1999, [4] it was the fourth Honda automotive venture in India, after Kinetic Honda Motor Ltd (1984–1998), Hero Honda (1984–2011) and Honda Siel Cars India (1995–2012). [5]
Kinetic and Honda parted ways in 1998 when the Firodias bought the majority stake of the joint venture from Honda. In 2008, Kinetic entered into a joint venture with Mahindra Automobiles, where Mahindra held an 80% stake. [1] By this joint venture, Mahindra acquired the two-wheeler manufacturing facilities as well as the then selling brands of ...
Mahindra later wound up their two-wheeler business, owing to poor sales. [1] The brand Kinetic Honda is remembered for its legacy two-stroke scooters which were in fact based on the Honda NH series, with continuously variable transmission and electric start, first in India when it was launched (in 1984), and the only in India until the late 1990s.
Honda, wanting to focus only on its independent fully owned two-wheeler subsidiary, Honda Motorcycle and Scooter India (HMSI), exited Hero Honda at a discount and get over ₹ 6,400 crore (equivalent to ₹ 140 billion or US$1.7 billion in 2023) for its stake. The discount was between 30% and 50% to the current value of Honda's stake as per the ...
The following is a list of motorcycle manufacturers worldwide, sorted by extant/extinct status and by country. These are producers whose motorcycles are available to the public, including both street legal as well as racetrack-only or off-road-only motorcycles.
Two wheelers Kolar: Honda Motorcycle and Scooter India: Two wheelers Bengaluru [11] Mahindra Reva: Passenger vehicles Bidadi: Toyota Kirloskar Motor Private Limited: Passenger vehicles Kolara [12] Scania Commercial Vehicles India Private Limited: Commercial vehicles Doddaballapura [9] TAFE Tractors: Commercial vehicles Dharwad [10] Tata Motors ...
The T. V. S. family is an Indian business family, based in Chennai, India. The TVS Group has its principal headquarters in Madurai and international headquarters in Chennai. It has more than 50 subsidiaries across sectors.
Honda Motorcycle and Scooter India revealed that their Shine model two-wheeler has achieved a new milestone - selling one crore bikes since its debut in 2006. Honda claims that Shine is the most desired vehicle in its 125 cc category, with a YTD market share of over 50%, and a remarkable 29% year-on-year growth (data provided by the Society of ...