Honda Cars India Ltd (HCIL) is a subsidiary of Honda of Japan for the production, marketing and export of passenger cars in India. Formerly known as Honda Siel Cars India Ltd, it began operations in 1995[1] as a joint venture between Honda Motor Company and Usha International of Siddharth Shriram Group. In August 2012, Honda bought out Usha International's entire 3.16 percent stake for ₹1.8 billion in the joint venture. The company officially changed its name to Honda Cars India Ltd (HCIL) and became a 100% subsidiary of Honda.
Why Honda
As the world's largest engine manufacturer, Honda, established in 1948, has wide experience in developing and producing engines. Honda is recognised internationally for its expertise and leadership in developing and making a wide variety of products - from small general purpose engines to sports cars - which incorporate Honda's highly-efficient internal combustion engine technologies.
Honda technology
Honda's OverHead Valve (OHV) and OverHead Camshaft (OHC) designs enhance combustion efficiency, help to reduce fuel and oil consumption and ensure excellent thermal balance. Also the durability, reliability and service life of the engine is extended. All Honda engines are equipped with OHV or OHC technology. Advanced Honda technology is clearly seen in the features of the intelligent iGX engines and the Mini 4-stroke engines.
Superior reliability and quality
Honda engines are built with high quality materials and purpose-made components which ensure reliable long-term use.The GX-engines are covered by a 3-year warranty.
Easy starting
All Honda engines are equipped with an automatic decompression system which enables an easy start. This system, connected to the camshaft, reduces compression by opening the exhaust valve slightly when the engine is being started. This reduces the degree of force needed to start the engine.
Perfectly matching the OEM product
Honda engineers work closely with OEMs to make sure that Honda engines match OEM products and that ‘Powered by Honda' products continue to exceed all customer expectations.
Environmentally friendly
Honda is well aware of its responsibility for the impact on the environment of its corporate activities and its products and is committed to minimising that impact. Honda offers engines which not only meet the EURO2 emission regulations, but also the world's most stringent regulations - CARB Tier 3 and EPA phase 3. Read more about Honda's efforts concerning environmental issues.
Parts and service availability
The extended Honda service network offers maintenance, repair, original spare parts, warranty handling and replacement engines. Honda offers a worldwide parts and service network.
Investment
INR 6cr-9cr
Franchise/Brand Fee
INR 60000
Royalty/Commission
59%
Other investment requirements
No
Type of property required for this franchise opportunity
Commercial
Floor area requirement
60000Sq.ft
Preferred location of unit franchise outlet
Main roads , popular landmarks
Exclusive territorial rights to a unit franchisee
Yes
Anticipated percentage return on investment
58%
Likely pay back period of capital for a unit franchisee
