Can new SUVs change Honda’s fortunes in India? Only if it doesn’t repeat these past mistakes.

image credit: Honda Cars

Synopsis

With a limited portfolio, Honda lost the India plot. In the absence of an India-specific model, it failed to cash in on the fastest-growing auto segment in India — the SUVs. Honda is set to launch an India-focused SUV in 2023 and another compact SUV in 2024. But a high cost structure always stopped it from being aggressive in India.

It’s not easy being a sedan on the Indian roads nowadays. The hulky SUVs make you feel friable, their drivers look down upon you from the height before zooming past at ease. They beat you in looks, size, and popularity. No one knows this better than Honda City. Launched in 2008, it was Honda’s best-selling model in India for years before being elbowed out by the SUVs — the fastest-growing auto segment in the country over the last five years.

  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

For all the latest Automobiles News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.