Company Background History Of Honda Motors

confederation Background History Of Honda MotorsHonda Motor Co., Ltd, Japanese international Corporation, known as a manufacturer of Automobiles and Motorcycles, was found on twenty-fourth September 1948 by Mr. Soichiro Honda and Mr. Takeo Fujisawa. Honda in Japanese literal meaning is origination field or origin field. Mr. Soichiro flexed as a mechanic at Japanese tuning shop, Art Shokai, since in his young age. Then in a self-taught railway locomotiveer, he fancyed his primary drafts of piston design and sell to Toyota, but it was rejected. Because of shortage of gasoline during World War II, he was non able to develop in producing the car. After that he established The Honda technical foul Research Institution in Japan of small engine for 2 bicycles. And his first motorcycle was Honda Cub first automobile was T360 mini pick-up truck.PRODUCTS blemishAutomobileHondas global lineup consists of the Fit, polite, Accord, Insight, CR-V, and Odyssey. An early prop angiotensin co nverting enzyment of developing vehicles to append to different needs and markets adult malewide, Hondas lineup varies by country and may consume vehicles exclusive to that region. Moreover, Honda entered Formula One as a constructor for the first time in the 1964 season at the German Grand Prix with Ronnie Bucknum at the wheel. both(prenominal) of Honda vehicle models atomic number 18 2000-2006 Honda Insight (53 mpg-US/4.4 L/100 km 64 mpg-imp combined), 1986-1987 Honda polite Coupe HF (46 mpg-US/5.1 L/100 km 55 mpg-imp combined), 1994-1995 Honda Civic hatchback VX (43 mpg-US/5.5 L/100 km 52 mpg-imp mpg combined), 2006- Honda Civic Hybrid (42 mpg-US/5.6 L/100 km 50 mpg-imp combined), and 2010- Honda Insight (41 mpg-US/5.7 L/100 km 49 mpg-imp combined).MotorcyclesBeing the largest motorcycle manufacturer in Japan, Honda started its production in 1955. Honda reached its peak in 1892 for manufacturing almost 3 trillion motorcycles annually. By 2006 this figure had reduced to ar ound 550,000 but was still higher(prenominal) than its three domestic competitors. Honda overly appeared in the Motorsports called Honda Racing Corporation (HRC) in 1982. The union combines participation in motorcycle races throughout the world with the victimisation of high potential racing machines. Its racing activities are an important initiation for the creation of leading edge technologies used in the development of Honda motorcycles. HRC in any case contributes to the advancement of motorcycle sports through a range of activities that include sales of production racing motorcycles, support for satellite teams, and rider education programs. Some of Honda Motorcycles Models are Honda CD 70, CD 100, and CG 125. (http//en.wikipedia.org/wiki/Honda).Power product EngineThe company started engine production in 1953 with H-type. Honda power equipments reached record sales in 2007 with 6,4 cardinal units. Its quality completes line of generators for commercial and consumer app lications. All Honda Generators meet or exceed EPA (Environmental Protection Agency) emission standards. Some of Power Equipments are EU1000iA, EU2000iA Camo, and EU6500iSA. Honda is as well as the worlds largest manufacturer of engines and has earned its reputation for unsurpassed quality, performance and reliability. The purpose engines are designed to meet or exceed the demands of the customers through advanced engine technology, quality components and state-of-the-art manufacturing facilities throughout the world. Honda Engine Products are GC160, GCV160, iGX340, and iGX440.RobotsASIMO is a golem developed under Hondas Research Development robotics program. It is the eleventh in a line of successive builds starting in 1986 with Honda E0 moving through the turn up Honda E series and the Honda P series. Honda has also pioneered new technology in its HA-420 HondaJet that allows new levels of reduced drag, step-upd aerodynamics and fuel efficiency thus reducing operating costs. (http//en.wikipedia.org/wiki/Honda).SWOT TABLEStrengths High and powerful look for and development RD Innovation Best market share leadership bullocky and powerful brand equity Different and unique products One study strength is the revolutionary engine technology with the help of which Honda is come uponing success day by day Popularity is termed as one of the best strength which results in betterment for the companyWeaknesses Cost structure of Honda is high as correspond to other automobile manufacturers Apart from Nissan Toyota, Honda requires privileged purchase deposit Honda steering more on international deposits as compare to domestic deposits Civic model is consider as one of the study weakness for Honda social club Honda products are termed as inoffensive in terms of elan and design Prices for non-luxury vehicles are far high as compare to other manufacturers In truck line, Honda Company is not offering starchy products and proposalsOpportunities Honda has the be st opportunity to use its RD in producing cars according to the needs and demands of their customer. This is only possible because of the increase in demand for less pollution cars. Emerging market is one of the best opportunity for this company Various models are there which caters the pull down segment Fuel efficiency is now a days termed as one of the best opportunity which can results in the best productiveness for the company Alliances are the best opportunities for Honda Company Honda can increase its production by focusing on sales and research They can gain more popularity by doing better research and developmentThreats One of the major threat is the economic slowdown All the external changes for instance taxes, political sympathies as well as government are the major threats for Honda Company Another threat is the lower cost competitors Price war is also consider as an important threat for this company Oil pricesare alter a lot towards the loss of Honda company Second m overs are the major threat for Honda company Substitute products are the major threats for the Honda company workout SUBSIDIARIES commerce of Honda Motor Co., Ltd are Automobiles, Motorcycles, Financial Service and Power products. match to fiscal report in 2006, around the world this company sedulous 144,785 employees. 28,783 employees worked in Motorcycle Business field. 105, 623 employees worked in Automobile Business field. 1,921 employees worked in Financial Service Business field. And 8,458 employees worked in Power Product and Others Business field. Its head office is located in Tokyo, Japan. It contains some(prenominal) subsidiaries around the world such as Europe (UK, Spain, Ger some, Bdellium, France and Italy), Asia (Japan, China, Taiwan, Thai, Vietnam, Malaysia, Indonesia, India Pakistan, and Philippine), North Africa (USA, Canada, and Mexico) and others (Brazil, Turkey, Australia, and New Zealand). Due to nett sale report in 2007, regularly income of Honda in Europe is 1,236,757 million yen, 5,980,876 million yen in North Africa, 2,964,344 million yen in Asia, and 905,163 million yen in others. Sale report chart in 2007 category by regionCOMPETITORThere are many competitor of the company. Automobile Mitsubishi Motors, Nissan, Auto sale (Chevrolet), Camko Motor (Hyundai), Lexus, Mercedes, Toyota, Kia Motors and RM Asia (Ford). Motorcycle Yamaha and Suzuki.III. friendship STUCTURESTAFF MOTIVATIONHonda motivation system provide as under+ Training course for specific skill to abroad staffs need to work for the company at least two year after approaching back+ Annual increasing salary evaluation staff (A= 15%, B= 10%, C=5% of their current salary)+Annual gift evaluation staff (A= 100%, B= 85%, C=75% of their current salary)+ Insurances health insurance and life insurance+ Disability non variety+ Paid time off (Overtime paid)+ Retirement plan+ Provide connect and their familiesIV. MANAGEMENT STUCTUREHonda is multinational company. It integrate s itself into many part of the World in many different forms of management to adapt to the real environment. This flexible management style allows Honda to gain great benefits from their investment. Moreover, through this system of glocalization, Honda is still a strong company among its competitors.V. FINANCIAL STATUSFinancial reportHonda Motor Co., Ltd., and Subsidiaries geezerhood ended March 31 2009(http//khuram.synthasite.com)