27-May-2026
Corporate News
 
Honda cuts export push, bets on domestic demand and imported models
27-May-2026

At a time when exports of India-made passenger vehicles are witnessing strong growth, Japanese automaker Honda Cars India has shifted its focus toward the domestic market while stepping up plans to bring fully built imported models into the country. The company’s exports declined sharply in FY26, falling 56% to 26,485 units from 60,229 units in the previous financial year. This comes even as overall passenger vehicle exports from India rose 17.5% to 905,200 units in FY26, compared with 770,394 units in FY25. Honda’s export decline contrasts with the performance of other Japanese automakers operating in India. Maruti Suzuki reported exports of 443,825 units in FY26, up 35% from 330,081 units in FY25, while Toyota Kirloskar Motor exported 38,974 units during the year, a 41% increase from 27,640 units in FY25.

News Source:- https://www.financialexpress.com/business/industry-honda-cuts-export-push-bets-on-domestic-demand-and-imported-models-4251917/