Honda

A Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment, headquartered in Minato, Tokyo, Japan.

Categories

Industrial Manufacturing  
Summary

Honda Motor Co., Ltd. is a prominent Japanese multinational conglomerate known for its extensive manufacturing operations spanning automobiles, motorcycles, and power equipment. Headquartered in Minato, Tokyo, Japan, Honda has a rich history and has achieved numerous milestones in the automotive and manufacturing industries.

One of Honda's standout achievements is its status as the world's largest motorcycle manufacturer since 1959, having produced a remarkable 400 million motorcycles by the end of 2019. Furthermore, Honda is a global leader in internal combustion engine production, churning out over 14 million engines annually. This prowess in engine manufacturing has contributed to Honda's status as the second-largest Japanese automobile manufacturer since 2001, and in 2015, it was the eighth-largest automaker globally.

In a pioneering move, Honda was the first Japanese carmaker to introduce a dedicated luxury brand called Acura in 1986. Beyond their core automobile and motorcycle divisions, Honda is involved in the production of various other products, including garden equipment, marine engines, personal watercraft, power generators, and more. They've also made significant strides in artificial intelligence and robotics research, notably unveiling the ASIMO robot in 2000.

Honda's expansion into the aerospace sector includes the establishment of GE Honda Aero Engines in 2004 and the production of the Honda HA-420 HondaJet, which commenced in 2012. In addition to their global operations, Honda has joint ventures in China, namely Dongfeng Honda and GAC Honda.

Notably, Honda places a strong emphasis on research and development, investing approximately 5.7% of its revenues in R&D in 2013. This commitment to innovation has helped Honda become the first Japanese automaker to be a net exporter from the United States, symbolized by its export of 108,705 Honda and Acura models, while importing only 88,357 in 2013. Honda's contributions to the automotive and manufacturing industries continue to shape the global market, and the company remains a significant player in various sectors.


History

Honda Motor Co., Ltd. has a rich and fascinating history that dates back to its founding in 1948. Here is an overview of the key milestones and developments in Honda's history:

Founding and Early Years (1948-1950s): Honda was founded by Soichiro Honda in Hamamatsu, Japan, in 1948. Initially, the company focused on producing piston rings for Toyota. However, Honda's ambition extended beyond piston rings, and they soon began developing their own complete motorcycles. In 1949, they introduced the Honda D-Type, their first motorcycle.

Success in Motorcycle Manufacturing (1950s-1960s): Honda's motorcycles gained a reputation for quality and performance. In 1958, they introduced the iconic Honda Super Cub, which became one of the world's best-selling motorcycles and is still in production today. This success allowed Honda to expand its global presence, including entering the U.S. market in 1959.

Entry into the Automobile Market (1960s-1970s): In 1963, Honda introduced its first production automobile, the T360 mini-truck, and the S500 sports car. These marked Honda's entry into the competitive automotive market. The Honda Civic, introduced in 1972, became a significant success, known for its fuel efficiency and reliability.

Innovation and Technology (1980s-1990s): Honda was at the forefront of innovation during these decades. They introduced the first-generation Honda Accord and Prelude, which were well-received in the market. Additionally, they became the first Japanese automaker to release a luxury brand, Acura, in 1986. Honda also developed the VTEC (Variable Valve Timing and Lift Electronic Control) technology, which enhanced engine performance and efficiency.

Global Expansion (2000s-Present): Honda continued to expand its global presence, opening production facilities in various countries. They introduced hybrid vehicles like the Honda Insight and Civic Hybrid in response to growing environmental concerns. In 2004, Honda entered the aerospace industry by establishing GE Honda Aero Engines, focusing on small jet engines.

Commitment to Environmental Sustainability: Honda has been a pioneer in developing environmentally friendly technologies. They introduced the Honda FCX Clarity, a hydrogen fuel cell vehicle, in 2008. They also expanded their lineup of hybrid and electric vehicles, such as the Honda Fit EV and the Clarity Plug-In Hybrid.

Advanced Research and Robotics: Honda has been involved in robotics and artificial intelligence research. They unveiled the ASIMO robot in 2000, showcasing advancements in humanoid robotics. Their research in AI and robotics has applications beyond automotive manufacturing.

Recent Developments: In recent years, Honda has continued to innovate, with a focus on electric and autonomous vehicles. They are also actively involved in Formula 1 racing, contributing to advancements in automotive technology.

Honda's history is marked by a commitment to quality, innovation, and a pioneering spirit that has allowed the company to evolve from a small motorcycle manufacturer to a global automotive and technology conglomerate. Today, Honda remains a major player in the automotive and manufacturing industries, known for its reliable vehicles and forward-thinking approach to mobility.


Mission

Honda's mission is to be a company that advances mobility through innovative products and technologies while striving to create a sustainable and harmonious society. They are dedicated to providing high-quality, reliable, and environmentally responsible products, ranging from automobiles and motorcycles to power equipment and robotics. Honda aims to enhance the lives of individuals and communities by delivering products that meet the evolving needs of society while minimizing their environmental impact. In doing so, Honda seeks to contribute to a better and more interconnected world.


Vision

Honda's vision is to "realize the joy of expanding our life's potential." This vision reflects Honda's commitment to going beyond conventional boundaries and creating innovative solutions that empower individuals to explore and fulfill their limitless potential. Honda strives to achieve this by developing advanced technologies and products that enhance mobility, improve people's lives, and contribute to a sustainable and harmonious society. They aim to be a company that inspires and enables people to achieve their dreams and aspirations, ultimately bringing joy and fulfillment to individuals worldwide.


Key Team

Toshihiro Mibe (President and CEO)

Seiji Kuraishi (Executive Vice President and COO)

Shinji Aoyama (Senior Managing Officer)

Kohei Takeuchi (Senior Managing Officer)

Shinji Aoyama (Director, Executive Vice President and Representative Executive Officer)

Noriya Kaihara (Director, Senior Managing Executive Officer)

Katsushi Inoue (Senior Managing Executive Officer)

Mitsugu Matsukawa (Managing Executive Officer)


Products and Services

Honda offers a wide range of products and services across several industries, including automobiles, motorcycles, power equipment, and more. Here's a brief overview of some of Honda's key products and services:

Automobiles: Honda is renowned for its diverse lineup of automobiles, catering to various segments and customer preferences. Their vehicles are known for their reliability, fuel efficiency, and innovative technology. Honda produces popular models like the Civic, Accord, CR-V, and the eco-friendly Clarity series, including hybrid and fuel cell variants.

Motorcycles: Honda is a global leader in motorcycle manufacturing, producing a wide variety of motorcycles, scooters, and off-road bikes. From sportbikes like the CBR series to versatile options like the CRF series, Honda's motorcycles are celebrated for their performance, durability, and innovative features.

Power Equipment: Honda manufactures power equipment such as generators, lawnmowers, snow blowers, and water pumps. These products are known for their reliability and efficiency, making them popular choices for both residential and commercial users.

Marine Engines: Honda produces marine engines, including outboard motors known for their performance and environmental friendliness. These engines are used in various watercraft, including boats and personal watercraft.


References
Honda
Leadership team

Seiji Kuraishi  (Chairman)

Toshihiro Mibe  (President? and CEO)

Noriaki Abe (Managing Executive Officer )

Keiji Ohtsu  (Managing Executive Officer )

Masayuki Igarashi (Managing Executive Officer)

Kensuke Oe (Managing Executive Officer )

Industries

Industrial Manufacturing

Products/ Services
Automobiles, motorcycles, and power equipment
Number of Employees
20,000 - 50,000
Headquarters
Minato, Tokyo, Japan
Established
1946
Revenue
5M - 20M
Traded as
TYO: 7267
Social Media

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Sun Mar 03 2024
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