Honda Announces Future Motorcycle Business Plan in Asia Oceania Region.Tokyo, Japan, Sept 29, 2005 - (JCN JCN Japan Corporate News
JCN Journal of Cognitive Neuroscience
JCN Journal of Cardiovascular Nursing
JCN Journal of Christian Nursing
JCN Job Control Number
JCN Journal of Child Neurology
JCN joint communications network (US DoD) Newswire) - Honda Motor Co., Ltd., today announced future plans for its motorcycle business in the Asia Oceania region. Honda sold 8million motorcycles in the Asia Oceania region last fiscal year, an important market accounting for approximately 70% of Honda's global motorcycle sales. Honda aims to achieve annual sales of approximately 12 million units in this region by the fiscal year ending March 31, 2008. Toward this end, Honda is committed to passing the joy of mobility on to the next generation, and to proactive adoption of environmental and safety technologies that enhance safety. In addition, Honda will further strengthen its activities to promote traffic safety with its dealers and through other opportunities.
Expansion of Production Capacity
The motorcycle market in the Asia Oceania region is growing rapidly consistent with economic growth in the region. Honda will expand production capacity in each country to continue to meet growing demand for motorcycles. Honda's annual motorcycle production capacity in Asia Oceania reached 8 million units in 2004, and will be expanded to 14 million units by 2007.
Key plans for motorcycle production capacity expansion:
- Indonesia: a third plant with annual capacity of 1 million units will begin operation this month.
- Philippines: a new plant with annual capacity of 500,000 units will become operational in April 2006.
- Pakistan: a new plant with annual capacity of 500,000 units will become operational in April 2006.
- India: a third plant of Hero Honda Hero Honda Motors Ltd is the World's largest manufacturer of motorcycles (by quantity). Hero Honda is a 50:50 joint venture that began in 1984 between the Hero group of India and Honda from Japan. Motors Ltd. is expected to become operational in 2006.
The total investment for the expansion of motorcycle production capacity in the Asia Oceania region by 2006 is expected to be approximately 30 billion yen.
Strengthening Local Development
At the end of 2004, Honda R&D Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. Co., Ltd., Honda's motorcycle research & development center in Thailand, was moved to a new office building adjacent to a test course, and various new functions including development of mockup mock·up also mock-up
1. A usually full-sized scale model of a structure, used for demonstration, study, or testing.
2. A layout of printed matter. models, design development and testing of prototype motorcycles were added to existing functions such as market research, designing, and sketching. In order to more quickly develop products that meet the needs of customers in the rapidly changing ASEAN ASEAN: see Association of Southeast Asian Nations.
in full Association of Southeast Asian Nations
International organization established by the governments of Indonesia, Malaysia, the Philippines, Singapore, and Thailand in market, Honda will further strengthen collaboration among its R&D facilities in the region.
Expanding Product Lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime.
Honda is planning to introduce an all-new commuter model in ASEAN markets starting from Thailand beginning of 2006, which will be equipped with a compact water-cooled engine designed especially for Asian markets and an automatic transmission. Local Honda research centers will develop and introduce derivative models based on this platform, which is tentatively named the ASEAN New Commuter (ANC ANC
African National Congress
ANC African National Congress: South African political movement instrumental in bringing an end to apartheid
ANC n abbr (= ). Moreover, Honda plans to introduce a family type model tentatively named the ASEAN New Family (ANF ANF antinuclear factor; see antinuclear antibodies (ANA), under antibody.
atrial natriuretic factor. ) equipped with a super-low-friction engine which is currently being developed to improve fuel economy by 13% compared to the level of 2005. Further in the future, Honda plans to introduce a more casual, and easy-to-ride commuter model to cultivate cul·ti·vate
tr.v. cul·ti·vat·ed, cul·ti·vat·ing, cul·ti·vates
a. To improve and prepare (land), as by plowing or fertilizing, for raising crops; till.
b. new market demand.
Strengthening Dealer Networks
Honda will continue to provide customers in each country with an environment in which they can purchase and use Honda products with confidence. In Thailand, for example, the used (second hand) motorcycle business will be strengthened in order to establish a system through which pre-owned models are promoted to potential motorcycle owners and upgrading by existing owners is encouraged. Honda will establish a comprehensive support system which provides the existing 4S (Sales, Service, Spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used.
Spare parts are also called “spares. , and Safety) as well as the other S - for "Second Hand (used)" business. In Indonesia, Honda will establish a network of 4,000 dealers and service shops to strengthen sales and after sales service to better serve customers in an ever growing market.
Honda is committed to proactively install environmental technologies on Honda motorcycle products being sold in the growing market of Asia. In Thailand, in 2003, Honda introduced the first model equipped with an electronic fuel injection system, PGM-FI (Honda Programmed Fuel Injection Programmed Fuel Injection, or PGMFI/PGM-FI, is an electronic fuel injection system initially developed by Honda more than 20 years ago. This system has been applied to Honda motorcycles, Formula 1 and racing cars, as well as automobiles. ), which achieves improved fuel economy and cleaner emissions as well as excellent start-up capabilities. By 2007, Honda plans to introduce a total of ten PGM-FI equipped models in Thailand, Indonesia, Philippines, and India.
In beginning of 2006, in Thailand, Honda will introduce a new automatic transmission model equipped with a Combined Brake System (known as CBS (Cell Broadcast Service) See cell broadcast. , or the front and rear wheel interlocking interlocking /in·ter·lock·ing/ (-lok´ing) closely joined, as by hooks or dovetails; locking into one another.
interlocking Obstetrics A rare complication of vaginal delivery of twins; the 1st brake system), which distributes an appropriate balance of front and rear wheel braking force only with left brake lever (rear wheel). As a company which provides mobility, Honda is committed to proactively promote safe motorcycle use. As a part of an effort to strengthen activities to promote safety, Honda will open another traffic education center in Indonesia in 2006, in addition to the existing centers in The Philippines, Vietnam, Thailand, Singapore, Australia, and India. Moreover, Honda has a plan to establish the Safety Riding School across the nation in Thailand, which will expand opportunities for Honda to educate motorcycle riders about safety.
In 2006, Honda will provide its dealers in Thailand, Indonesia, Vietnam, and India with an easy-to-use riding simulator (1) Software that enables the execution of an application written for a different computer environment. Same as emulator.
(2) Software that models the interactions of hypothetical or real-world objects or business processes. , called "Riding Trainer" through which riders can get an opportunity to receive risk awareness training and riding practice.
Copyright [c] 2005 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K.