Company Profile

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Honda Siel Cars India Ltd., (HSCI) was incorporated in December 1995 as a joint venture between Honda Motor Co. Ltd., Japan and Siel Limited, a Siddharth Shriram Group company, with a commitment to providing Honda’s latest passenger car models and technologies, to the Indian customers.

The Honda City, its first offering introduced in 1997, revolutionized the Indian passenger car market and has ever since been recognized as an engineering marvel in the Indian automobile industry. The success of City as well as all its other models has led HSCI to become the leading premium car manufacturer in India.

The total investment made by the company in India till date is Rs. 1620 crores. The company has a capacity of manufacturing 100,000 cars.


Showcase Manufacturing Facility


HSCI’s state-of-the-art manufacturing unit was set up in 1997 at Greater Noida, U.P with an investment of Rs. 450 crore. The green-field project is spread across 150 acres of land (over 6,00,000 sq. m.).

The initial installed capacity of the plant was 30,000 cars per annum, which was thereafter increased to 50,000 cars on a two-shift basis. The capacity has further been enhanced to 1,00,000 units annually in February 2008 . The capacity expansion was necessitated by the excellent performance of all the Honda models, particularly the growing demand for City ZX in India. Several modifications were done by the company with the objective of offering higher quality products to its customers, faster and quicker. The expansion process also included expansion of the covered area in the plant, from 1,07,000 sq. m. to 1,31,794 sq. m.

HSCI currently produces the Honda City ZX, Civic and Accord models in India and the premium SUV, CR-V is sold as a fully imported unit from Japan.

The company operates under the stringent standards of ISO 9001 for quality management and ISO 14001 for environment management.


Sales and Distribution Network


Honda Siel Cars India has a strong sales and distribution network spread across the country. The network includes 80 facilities in 51 cities. HSCI dealerships are based on the “3S Facility” (Sales, Service, Spares) format, offering complete range of services to its customers.


Product Range


Honda Siel Cars’ product range in India includes the Honda City ZX in the mid-size segment, Civic in the Lower D segment and Accord in the luxury segment and third generation all-new CR-V (both 2.0L 2 WD and 2.4L 4WD) in the SUV segment. While the City ZX, Civic and Accord are manufactured at the company’s plant, the CR-V is imported from Japan as a Completely Built Unit.



City ZX


City ZX is today recognized as one of the most successful car brands in the country. Its success is a replica of the success of its predecessor - the original Honda City, launched way back in 1997. In fact, HSCI took a historic step in 2003, when it introduced the New-City at a time when the original City was still performing brilliantly – and it was an immediate success. The City ZX was launched two years later in 2005 as an enhanced version of the New-City and is strongly associated with durability, reliability, quality and fuel-efficiency.

The City ZX range includes 4 variants - EXi, GXi, CVT (Automatic Transmission) and VTEC. While EXi, GXi and CVT variants come with the advanced combustion system of the 1.5 litre Intelligent Dual & Sequential Ignition (i-DSI) engine, City VTEC embodies a 1.5 litre VTEC (Variable Valve Timing and Lift Electronic Control) engine. The VTEC version was reintroduced in the new City in response to customer demand.

The City VTEC comes with sporty exteriors and plush interiors, catering to the premium segment customers. On the outside, the car is adorned by 14” alloy wheels, front and rear fog lamps and rear disc brake. The interiors are more lavish with leather steering, centre console and beige and black upholstery.

The City is manufactured with 79% indigenisation level and currently enjoys 25% market share in its segment.


CIVIC


HSCI launched the 1.8S Civic in India in July 2006 which became a runaway success. The company has also launched the 1.8v version of the Civic in June 2007.

The Civic is Honda’s largest selling model globally and is now sold in approximately 160 nations and regions worldwide. The Civic made its debut, with a two-door model in July 1972, followed shortly by a three-door version. The series was a major hit, especially among young people and for three consecutive years, from 1972 to 1974, the Civic won the ‘Car of the Year Japan’ award. Civic’s development process contrasted completely with Honda tradition. Rather than pursue development based primarily on the vision of Company founder Soichiro Honda, the Civic’s development team traveled to various world markets, gained local knowledge and experience first-hand, and then set about creating a car that “is needed right now.”

Overseas production of Civic began in Indonesia in 1975, and Civic vehicles are now made in 11 countries, including North America, Europe, Asia and South America. Total cumulative production of Civic models at the end of calendar 2004 was approximately 16 million units—making it one of the most popular models in Honda history.

The eighth-generation Civic was launched towards the end of 2005 in the US and early 2006 in Japan. It already has the distinction of being voted as the top car in different markets and categories. Some of these include:

  • “Car of the Year” at the prestigious Detroit Auto Show 2006.
  • “Red dot: best of the best“ award for highest design quality in Europe.
  • 2006 ‘Car of the Year’ by the Automobile Journalists Association of Canada (AJAC).
  • 2006 "North American Car of the Year" presented by a group of 49 international automotive journalists.
  • "Top Safety Pick - Gold" award by the Insurance Institute for Highway Safety (IIHS) for earning "Good" ratings in frontal, side impact and rear impact tests and measurements.
2007 ‘Indian Car of the Year’

The Civic has an indigenisation level of 72% and enjoys 45% market share in its segment.


ACCORD


New Accord comes with fresh new exterior styling, enhanced interiors and several new value-added features. The new Accord has a new-look, sporty rear with revamped LED Tail lamps and rear bumper garnish that further enhances its stunning exterior styling. Adding greater value to the 2.4 lt model, the new car now has premium wood & leather steering wheel and turn indicators on side-view mirrors, features which were earlier available only in the V6 model.

For easy and convenient parking, the new Accord has front and rear Parking Assistance Sensors, which warn the driver of obstacles in his way while parking. The Accord V6 now has enhanced safety in the form of Vehicle Stability Assist (VSA) technology and also new 10-spoke 16” alloy wheels.

The Honda Accord, which has been a popular premium sedan ever since its launch in 2003, will continue to delight the customers with its class-leading performance and luxury features such as leather upholstery, dual-zone climate control and six-CD changer.

The Accord has won recognition all over the world from the automobile press for its commitment to innovation and value. To name a few, it received the ‘Japanese Car of the Year Award 2002-2003’ for the third time, Best Selling Car’ in 2001 in the US, ‘Product of the Year’ by Fortune Magazine in 1993 and ‘Best Selling Car’ from 1989-91 in the US.

The Accord is manufactured with 34% indigenisation level and currently enjoys 27% market share in its segment.


CR-V


The 3rd generation CR-V was introduced in November 2006. The all-new, third generation Honda CR-V offers its customers a distinctive combination of ‘the comfort of a sedan with the thrills of a SUV’.

The engine is a 2.4-liter DOHC i-VTEC, which delivers a powerful torque of 162 ps @ 5,800 rpm. Realtime 4WD is a unique feature of the car which is the first in its class. The Realtime 4WD intelligently detects adverse road conditions and switches to 4-wheel drive instantly. In normal conditions the all-new CR-V operates in front wheel drive mode but in wet, muddy roads or off-road conditions, it automatically switches to 4-wheel drive instantly. An enlarged clutch and stiffened transmission parts help distribute 20% additional torque to the rear wheels which ensures smooth drive in bad road conditions without compromising on safety or fuel consumption.

HSCI recently introduced the 2.0L 2WD (2-Wheel Drive) Honda CR-V which is more agile & has a sporty handling. The new lighter engine gives good fuel efficiency, without compromising on performance.

The CR-V currently enjoys 37% market share in its segment.


Sales Performance


HSCI closed the 2006-07financial year on an upbeat note with total sales of 61,327 units in the domestic market – a growth of 41.5% over the previous financial year. The company’s flagship model, the Honda City ZX, accounted for 40,464 units in the year. Total Accord and CR-V sales for 2006-07 stood at 2,728 and 1,873 units respectively.


Environment and Safety


The Honda Group is globally recognized for its concern towards environment, safety and conservation of the society in which it operates. HSCI follows the same in India for achieving high standards in environmental safety in the various processes of car manufacturing.


Corporate Awards and Accolades


2008
  • Total Customer Satisfaction (Honda City and Honda CR-V) by TNS
  • ‘Best Executive Car’ (Honda Civic), CNBC Autocar Auto Awards
  • ‘Best Brand for eco friendliness’ (HSCI) by Auto India
  • ‘Best ad campaign of the year’ (HSCI’s 10th anniversary campaign) by Overdrive

2007
  • Manufacturer of the Year by CNBC TV–18 Autocar
  • ‘SUV of the Year’ (Honda CR-V) by NDTV Profit Car & Bike
  • ‘SUV of the Year’ (Honda CR-V) by Overdrive
  • ‘Best Driver’s Car’ award by CNBC TV-18 Autocar Auto Awards
  • ‘Car of the Year’ (Honda Civic) by CNBC TV-18 Autocar Auto Awards 2007
  • ‘Car of the Year’ (Honda Civic) by NDTV Profit Car & Bike Awards 2007
  • Viewers’ Choice’ award by NDTV, CNBC and Aaj Tak
  • TNS Total Customer Satisfaction Study – 2006 (Accord, CR-V & City)
  • ‘NDTV CNB-AAA PR & Communications Team of the Year’

2006
  • Best Indian Company (unlisted) by Business Standard Group
  • Manufacturer of the Year by NDTV Profit-Car India
  • Manufacturer of the Year by CNBC-TV 18 Autocar India
  • No 1 Mid Size Car (Honda City); No 1 Entry Luxury Car (Honda Accord) and No 1 Premium SUV (Honda CR-V) by TNS
  • Best Mid-size Car in Initial Quality (Honda City) and Most Appealing Mid-size car (Honda City) by JD Power

2004
  • CNBC Autocar CAR of the year 2004 - Honda City
  • ICICI Overdrive SUV of the Year 2004 - Honda CR-V
  • ICICI Overdrive Car of the Year 2004 - Honda City
  • Business Standard Motoring Car of the Year 2004 - Honda City


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