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Honda is the world’s largest engine manufacturer, which produced over 27 million units of engines for automotive, motorcycle, marine, and power equipment products, in 2015. The company’s first engines were built for motorcycles and power equipment, but were later produced for cars and marine vehicles. Competence in engine manufacturing – company’s core productĪll Honda’s businesses are built around the engines – its core product.
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Strong position in Asia’s motorcycle markets.Dominance in motorcycle and engine industries leading to a high brand awareness.Competence in engine manufacturing – company’s core product.You can find more information about the business in its official website or Wikipedia’s article. Company has been growing significantly over the past few years, mainly due to its automobile business. Honda always highlighted that its core business is engines and all the products the company has ventured in is built around them. Over the years, the Company has ventured into many industries and is now manufacturing jets and robots. The Company is now the 8th largest auto manufacturer in the world. In 1962, Honda started manufacturing automobiles and was the first company to launch a dedicated luxury brand, Acura, in 1986. Honda later moved to manufacturing motorcycles and has become the world’s largest motorcycles manufacturer in 1959.
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The Company was founded in 1948 by Soichiro Honda, as an automotive parts manufacturer. Honda Motor Company (further Honda or Company) is a Japanese motorcycle, automobile, aircraft and engine manufacture. JPY ¥406,358 billion (2016) 27.6% increase over JPY ¥561,098 billion (2015)īayerische Motoren Werke AG, Chrysler Group LLC, Daimler AG, Ford Motor Company, General Motors Company, Nissan Motor Company, Hyundai Motor Company, Tata Motors, Ltd., Toyota Motor Corporation, Volkswagen AG and many other automotive companies.
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