In keeping with trade sources, Japanese carmaker Honda is planning to discontinue its three fashions Jazz, WR-V and the fourth technology Metropolis in India by March subsequent yr.
The corporate, which is current within the nation via a completely owned subsidiary Honda Vehicles India, can be left with solely three fashions in its line-up – the Metropolis Hybrid, the fifth-generation Metropolis and the entry-level sedan Amaze. three manufacturers.
In December 2020, the corporate stopped manufacturing of the Civic and CR-V with the closure of its Better Noida plant because it struggled to realize a foothold within the Indian market.
Sources mentioned that the three fashions are being phased out as the corporate prepares to launch the SUV mannequin out there.
When contacted, a Honda Vehicles India spokesperson mentioned, “The corporate can’t touch upon market hypothesis.”
Earlier this yr, the automaker introduced that it’s planning to launch an SUV within the nation subsequent yr.
The corporate is at the moment within the means of growing the mannequin, she had mentioned.
In December 2020, Honda introduced the closure of producing operations at its Better Noida facility in Uttar Pradesh, thus consolidating its manufacturing actions at its second plant in Tapukara, Rajasthan.
The Japanese auto main famous that the transfer was taken to reorganize its manufacturing operations with the purpose of bettering enterprise effectivity. The corporate’s market share has declined over time as new gamers have consolidated their place within the nation.
(Solely the title and picture of this report might have been reworked by Enterprise Commonplace employees; the remainder of the content material is generated robotically from a syndicated feed.)