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PT Honda Prospect Motor (abbreviated HPM) is a subsidiary of Honda automobiles for production, marketing and export of passenger cars in Indonesia. Based in Jakarta , it is a joint venture company between Honda (51%) and Prospect Motor (49%). [ 1 ]
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]
The company was established in 1995 as a joint venture called Honda Siel Cars India (HSCI). The company was renamed to HCIL in September 2012 following the sale of 3.16 percent stake owned by Usha International, making it a 100 percent subsidiary of Honda Motor Co. Ltd. [ 3 ] [ 4 ]
All of the M series and high-end models are not manufactured in India. Mini India: 2013–-present: Citroën India: 2021–present: Stellantis: Fiat India: 2016–present: Honda Cars India: 1995–present: Honda: Hyundai Motor India: 1996–present: Hyundai Motor Company: Foreign manufacturer with highest market share Kia India: 2017–present ...
Honda first entered Indonesia in the 1960s through PT Imora Motor as its sole national distributor, with its first model Honda T360 pickup. In 1972, Honda also introduced the two-door Civic to the country. [45] As a response to the vehicle import ban, PT Prospect Motor began local assembly of Honda automobiles in Sunter, North Jakarta.
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 ...
PT Astra Honda Motor is a motorcycle manufacturer based in Jakarta, Indonesia. It is a joint venture between Honda and Astra International (with a 50% stake each). [1]
Kinetic Engineering Limited is an Indian automotive manufacturer. The company was founded in the year 1972 by H. K. Firodia. Today it is an automotive component manufacturer which formerly sold two-wheelers under the brand names Kinetic Honda and later Kinetic Motors.