Indian subsidiary of Honda Cars
Honda Cars India Ltd., abbreviated as HCIL, is an automobile manufacturer in India owned by Honda Motor Co. Ltd. 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]
Facilities
HCIL's first manufacturing plant was built in Greater Noida and began production in 1997.[5] The initial investment into the production plant was estimated to be ₹ 4.5 billion, the plant is spread over 150 acres (0.61 km2). The plants original production capacity was estimated to be able to produce 30,000 cars per year, this amount was later updated to 100,000 cars per year when with the addition of a second shift of workers, an expansion to the plant, and improvements in automation.[6][7] This expansion led to an increase in the covered area in the plant from 107,000 square metres (1,150,000 sq ft) to over 130,000 m2 (1,400,000 sq ft).[8]
Honda set up its second plant in India at Tapukara in Alwar District of Rajasthan,[9] spread over 450 acres (1.8 km2).[10]
Due to the COVID-19 pandemic and a shrinking demand for automobiles Honda has cut back production and may close one of its plants.[11]
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