HONDA MOTOR COMPANY
Japan's Nikkei ends lower as yen strengthens on BOJ chief's comments
Japan's Nikkei share average reversed course to end lower on Thursday, pressured by exporters, as the yen strengthened after comments from Bank of Japan chief bolstered rate hike expectations.
Zomato’s Eternal switch; China’s AI leap forward
Zomato shareholders have greenlit the parent company’s name change to Eternal. This and more in today’s ETtech Top 5.
Cars24 drives into new-car sales arena with OEM, dealer aggregator model
Cars24's cofounder and chief marketing officer, Gajendra Jangid, mentioned that nearly 50% of customers selling cars on the platform buy new ones, and half of buyers are considering both new and used cars. This highlights significant untapped demand, prompting the platform to offer both options.
Takashi Nakajima named new President & CEO of Honda Cars India
Takashi Nakajima has been appointed as the new president and chief executive of Honda Cars India Ltd, effective from April 1. He will replace Takuya Tsumura, who is returning to Honda's Japan headquarters. Nakajima's experience spans multiple countries and roles in business planning, marketing, and product planning.
Hyundai falls behind M&M, Tata Motors in Feb retail sales: FADA
Hyundai Motor India slipped to fourth place in the Indian passenger vehicle market in February, with retail sales dropping by 20 percent year-on-year. Maruti Suzuki India led the market, followed by Mahindra & Mahindra and Tata Motors. In the two-wheeler segment, Hero MotoCorp retained the top spot.
Honda could get BYD-ed in key Indian scooter market
Chinese electric vehicle-maker BYD and its local rivals have dramatically disrupted the automotive market, leading to a significant decline in sales for major global brands like Ford, Nissan, GM, and Honda in China. This pattern is expected to extend to scooters and motorbikes, currently dominated by Japanese brands, as electrification efforts lag behind market growth.
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Trump delays auto tariffs. Pickup trucks might explain why.
U.S. auto industry plans to mitigate the impact of President Trump's 25% tariffs on Canada and Mexico. Many North American-built vehicles are temporarily exempt if they adhere to USMCA rules. Tariffs could add significant costs, affecting consumer prices and supply chains reliant on cross-border parts sourcing.
Trump exempts some automakers from Canada, Mexico tariffs for one month
President Donald Trump exempted automakers from 25% tariffs on Canada and Mexico for one month, contingent on compliance with existing trade rules. The move, aimed at easing trade tensions, led to a rebound in auto stocks but maintained pressure on both countries regarding fentanyl smuggling.
Fact-checking Trump: What he said on tariffs, inflation, taxes, economy in Congress
Trump's address to Congress emphasized tariff plans, economic growth, and lowering egg prices amid avian flu outbreaks. His policies include hefty tariffs on goods from Mexico, Canada, and China. Context and fact-checking reveal economic impacts and inaccuracies in his statements, especially regarding inflation, crime, and trade wars.
Hero Moto loses top spot, TVS is second
TVS Motor Co has overtaken Hero MotoCorp in the Indian two-wheeler market for the first time, securing the third position with 403,976 units sold in February 2025. Hero MotoCorp's sales declined by 17.2% to 388,068 units, while TVS saw a 9.6% growth and significant gains in exports and e-scooter sales.
Which car companies are in firing line of Trump's tariffs on Mexico, Canada?
The United States is set to implement proposed tariffs on Canada and Mexico, potentially affecting automakers like Audi, BMW, Ford, GM, and Toyota. The tariffs, which could be as high as 25%, would primarily impact vehicles and parts imported from Mexico to the U.S., with significant implications for production and trade in the auto industry.
Nissan to announce management shake-up, sources say, as CEO Makoto Uchida's future comes into focus
Nissan Motor is considering replacing CEO Makoto Uchida due to declining business performance and a failed merger with Honda Motor. Talks of combining to form a $60 billion car company fell apart after Honda's proposal to make Nissan a subsidiary was rejected.
Japan's Nikkei rebounds; Advantest drops as Nvidia's strong growth forecast fails to cheer
Japan's Nikkei share average slightly rose 0.15% after previous declines, despite chip company Advantest falling. Nvidia's firm results did not significantly impact market sentiment. Advantest and Socionext had mixed performances. Major movements included Seven & I Holdings falling and Nissan Motor rising amid CEO replacement speculations.
Electric 2-wheeler sales remain in fast lane, market share may grow three-fold in five years
India's leading two-wheeler manufacturers, including Hero MotoCorp, HMSI, and TVS Motor, predict that electric two-wheelers will account for 20% of market sales by 2030, driven mainly by scooters. Hero is launching a new affordable electric scooter, while Honda is focusing on battery swapping stations. TVS Motor, the largest legacy EV maker, is also planning several EV launches.
Hiring sprouts in smaller IT cos; Blackstone and Aakash Institute
Even as sector majors retreated, mid and small-cap IT firms and GCCs have stepped up hiring. This and more in today’s ETtech Top 5.
Companies hiring on all cylinders to take charge of EV market
Electric vehicle makers in India are ramping up hiring, with prominent firms like Tata Motors and Ola Electric expanding their teams across various key domains. Recruitment firms report a 25-30% surge in hiring mandates, driven by burgeoning consumer demand, government incentives, and infrastructure expansion, alongside attractive salary offers for senior roles.
Honda ready to revive takeover talks if Nissan CEO Makoto Uchida leaves, FT reports
Honda Motor is considering resuming merger talks with Nissan Motor to form a major automaker, contingent on the resignation of Nissan CEO Makoto Uchida. Previous discussions faltered due to internal opposition at Nissan and differences over making Nissan a subsidiary. Nissan's management and board are now deliberating Uchida's future.
Shift from manual ain't automatic for most Indians as high prices keep buyers in first gear
Indian car buyers are increasingly interested in automatic transmissions due to ease of driving, but premium pricing and additional luxury features are deterring many from opting for automatic variants. Despite a price gap, demand for automatic options, especially in congested metros, is on the rise, pushing automakers to consider more varied transmission options.
Hero’s search for a hit: Hero MotoCorp, India’s largest two-wheeler maker, struggles to stem dwindling market share
Hero MotoCorp faces mounting challenges as its market share hits a decade-low and rivals gain ground. With executive departures and underperforming new models, the company is struggling to maintain its leadership in the two-wheeler market while its EV segment grows sluggishly.
Asian stocks to gain, tariff delay lifts sentiment
Asian equities were expected to rise as markets reacted positively to a delay in potential US tariffs, raising hopes for negotiations. This optimism led to gains in Australia, Japan, and Hong Kong, and a record high for global stocks. Meanwhile, US President Donald Trump indicated possible reciprocal tariffs on trading partners.
Nissan and Honda ditch $60 billion merger talks and face new uncertainty
Nissan and Honda have decided to end their merger talks, which began in late December, due to challenges from rapid growth of Chinese electric-vehicle makers and potential US tariffs. Their proposed $60 billion merger would have created the fourth-largest auto group by sales. Both companies will report quarterly earnings later today.
Why Honda and Nissan's $60 billion merger talks failed? What next?
Honda and Nissan on Thursday announced the scrapping of merger talks that would have created the world's third-biggest auto company by unit sales behind Toyota and Volkswagen. - When the merger talks were announced in December the plan was that the two automakers along with Mitsubishi Motors would integrate their businesses under a new holding company.
Which carmakers in India are embroiled in $6 billion of tax disputes?
Carmakers in India, including Maruti Suzuki, Skoda Auto Volkswagen, Mahindra & Mahindra, Hyundai Motor, Honda Motor, and Toyota Motor, are facing significant tax disputes totaling $6 billion. These disputes involve the income tax, customs, and excise departments and span several years, with the claims dating back to the early 1990s in some cases.
Ode to three Boxes: Sedans - the vanishing breed of the 3-box legacy
Sedans, once symbols of milestones and corporate prestige, are losing their market share to SUVs. However, there remains a niche market for high-end sedans and potential for growth in the electric vehicle segment if affordability issues are tackled.
Japan's Nikkei rises on Wall Street gains, despite firm yen
Japan's Nikkei share average rose 0.6% to 39,066.53 on Thursday, boosted by gains in Wall Street and strong U.S. tech shares. Expectations of future rate hikes by the BOJ appreciated the yen, impacting exporter shares. Renesas Electronics surged 12.6%, and Honda slid 4%.
Nissan board agrees to scrap USD 60 billion Honda merger talks: Source
Nissan has decided to call off merger talks with Honda, ending a potential $60 billion tie-up. This decision raises concerns about Nissan’s ability to navigate its turnaround plan independently. The talks were hindered by strategic differences and market uncertainties, including potential U.S.-Mexico tariffs.
Nissan seeking new partners with Honda deal set to collapse
Nissan Motor Co. is likely ending negotiations to form a joint holding company with Honda Motor Co. and is seeking a new technology sector partner based in the US. North America remains crucial for Nissan amidst global shifts towards electrification and automation. The company plans deeper restructuring amid financial struggles and aims to report developments by mid-February.
Asian stocks rise as Wall Street extends gains
Treasuries were stable in early Asian trading after rallying across the curve Wednesday. The US 10-year yield dropped nine basis points to 4.42% during the session while the policy-sensitive two-year yield declined three basis points to 4.18% — both the lowest since the middle of December. Australian yields fell early Thursday.
Nissan may call off merger talks with Honda, source says
Nissan may halt its merger discussions with Honda, with board members expected to meet soon to decide. Talks stalled after Honda suggested Nissan become a subsidiary, deviating from initial plans. Honda is concerned about Nissan's progress in its turnaround. Both companies declined to comment but indicated an announcement in mid-February.
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