There are heated discussions going on in the automobile industry that Honda is planning to leave India after Ford due to below average sales in India. The Honda brand has only three models in India - Honda Elevate, Honda Amaze and Honda City. Honda's last launch was Honda Elevate. But the face is that, its a false story that Honda is going to leave India. The company has wide range of plans in India in coming years.
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.
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