The headquarters of Honda are in Minato, Tokyo, Japan. Their stock is traded on the Tokyo Stock Exchange, the New York Stock Exchange, exchanges in London, Paris, Switzerland, Osaka, Nagoya, Sapporo, Kyoto, and Fukuoka.
The business operates assembly facilities all over the world. China, the United States, Pakistan, Canada, England, Japan, Belgium, Brazil, Mexico, New Zealand, Malaysia, Indonesia, India, the Philippines, Thailand, Vietnam, Turkey, Taiwan, Peru, and Argentina are among the countries where these factories are situated. In North American factories, 89% of Honda and Acura automobiles sold in the United States as of July 2010 were produced, up from 82.2% a year earlier. Profits are protected from the yen’s rise to a 15-year high against the dollar thanks to this. [36]
California’s Torrance is home to the American Honda Motor Company. The motorcycle racing section of Honda is called Honda Racing Corporation (HRC). Honda Canada Inc.’s head office is in Markham, Ontario. [37] Richmond Hill, Ontario had been the intended choice, but delays forced them to look elsewhere. In Alliston, Ontario, they have their manufacturing division, Honda of Canada Manufacturing. Along with this, Honda has established joint ventures all over the world, including Honda Siel Cars and Hero Honda Motorcycles in India,[38]Guangzhou Honda and Dongfeng Honda in China, Boon Siew Honda in Malaysia, and Honda Atlas in Pakistan. In order to network with innovators, collaborate with Silicon Valley startups and entrepreneurs, and support other businesses in developing prototypes, the corporation also operates a business innovation effort called Honda Xcelerator. As of January 2019, Xcelerator had reportedly collaborated with 40 businesses. The Honda Innovations group, established in Spring 2017 and situated in Mountain View, California, includes Xcelerator and a developer studio. [39]
In the wake of the earthquake and tsunami that hit Japan in March 2011, Honda made plans to cut production in half at its UK operations.
[40] As the firm had trouble obtaining supplies from Japan, it was decided to place the workforce at the Swindon factory on a 2-day workweek until the end of May. Around 22,500 automobiles are estimated to have been built during this time.
Honda reported US$9.534 billion in profitability for the 2018 fiscal year, with US$138.250 billion in revenue, an increase of 6.2% over the previous fiscal year. In October 2018, Honda’s market capitalization was estimated to be US$50.4 billion. Honda shares were trading at above $32 per share. [41]
Geographical Distribution of Honda’s Net Sales and Other Operating Revenue in 2007[42]
In This Article...
Does Honda exist in Japan?
Honda Motor Company, Ltd., also known as Honda Giken Kgy KK in Japan, is a well-known motorcycle manufacturer and a significant automaker for the global market. Tokyo is home to the headquarters.
The Honda Technical Research Institute was established by the engineer Honda Soichiro in 1946 to create compact, effective internal combustion engines. In 1948, it was incorporated as the Honda Motor Company, and in 1949 it started making motorcycles. Small-engine motorcycles were first released in 1953, and the Honda C-100 became the most popular model worldwide by 1959. The American Honda Motor Business, a U.S. affiliate that the company founded in 1959, started manufacturing cars and motorbikes in the country in 1982.
Honda is a global leader in the manufacture of motorcycles, but since it started producing cars in 1963, cars account for the majority of the company’s annual sales. The well-known Civic and Accord models have been among its lightweight, fuel-efficient passenger automobiles. Farm equipment and small engines are some of the company’s other key product categories. Honda is a significant Japanese exporter to both the United States and other countries. Additionally, it maintains manufacturing facilities in numerous other nations and has joint ventures and technology licensing arrangements with a number of overseas businesses.
Honda’s notoriety in Japan?
Honda is a close competitor of Toyota since vehicles like the Civic, Accord, CR-V, and the City are synonymous with the company outside of Japan.
However, Honda has stiffer competition in Japan’s kei minicar market from Daihatsu and Suzuki than from Toyota.
A kei minicar makes up one of every three new cars sold in Japan, and for the past six years, the Honda N-Box, a kei minivan with sliding doors, has been the country’s best-selling vehicle.
The N-Box was sold by Honda in 64,178 units during the first quarter of 2022. With 26,936 units, its next-closest opponent, the Daihatsu Tanto, is far behind.
Honda and N-Box are synonymous with the kei minicar in Japan. The Civic is a brand that is all but forgotten.
In Japan, the Honda Civic is significantly more expensive than a Toyota Corolla.
Honda solely offers the Civic hatchback for sale in Japan, which is made nearby at the Yorii facility. The starting price is JPY 3.19 million. For comparison, a Toyota Alphard starts at JPY 3.94 million and costs just 23% more.
Toyota Corolla Sport, a vehicle in a comparable segment, is priced from just JPY 2.17 million up to JPY 2.56 million. Naturally, the Corolla Sport lacks the VTEC Turbo power of the Civic. Instead, a 1.8-liter hybrid that is also used by the Prius powers the Toyota.
But this is Japan, where the speed limit is tightly enforced at 100 km/h (120 km/h only on extremely limited stretches), and street racing is a thing of anime and manga alone. How quickly do you believe you can travel before having your license suspended?
A Japanese customer can purchase a Corolla Sport hybrid for the same price as a Honda Civic and still have money left over for a Daihatsu Mira e:S. Its low sales there are explained by the fact that only the most devoted Civic fans will put money down on one.
Does Honda outperform Toyota?
Toyota has more automobiles, better costs, and higher reliability in the categories we looked at, making it the superior brand. When deciding between Honda and Toyota, Honda isn’t a slouch either thanks to its comparable dependability ratings, reasonable costs, and even higher safety ratings.
Honda still produces automobiles in Japan?
Although some Honda vehicles are still produced in Japan, the majority are constructed in Mexico and the United States. Honda car production facilities in the US, Japan, and Mexico all produce vehicles for the North American market.
Why is Honda ceasing operations?
Reuters, 22 April 2018 – Due to chip shortages and COVID-19 lockdowns, Honda Motor Co (7267. T) plans to reduce output on two lines of one of its domestic facilities by around 50% in early May, the company announced on Thursday.
What Honda models are still produced in Japan?
- The Saitama complex, which houses the Sayama Automobile Plant, Ogawa Plant, and Yorii Automobile Plant, is the third factory location for Honda.
- Honda Stepwgn, Honda Odyssey (international), Honda Jade, Honda Legend, Honda Accord, Honda Freed, Honda CR-V, and the Honda Fit are among the models that Sayama now produces. The company started out by producing the Honda L700 in 1964. Honda announced its closure in 2017 and the Sayama facility was shut down in March 2022 as a result. The Yorii Automobile Plant will now house all of Sayama’s automobile production. [1]
- The Yorii Automobile plant receives its engines from the Ogawa engine facility.
Honda is closing its facility; why?
According to Nikkei Asia, Honda is taking a significant step toward switching to electricity by closing the Sayama manufacturing facility. Given that the majority of Honda’s models are currently built abroad, it also forms part of the company’s objective to lower production costs. Within the next two to three years, the facility will cease all operations while continuing to produce replacement components.
Honda hopes to have a complete EV lineup by 2040 along with a few FCEV models like the Honda Clarity, which now also comes in a hydrogen variant, despite not yet having a global EV platform. Around 2025 is when Honda plans to launch its first worldwide EV platform, but in the interim, we will receive one Honda and one Acura EV, with the latter being a Cadillac Lyriq rebadged. Both EVs will be produced at GM’s Mexico facility, which has been modified to produce EVs.
In Japan, how many Honda plants are there?
In total, Honda’s three Japanese plants in Sayama, Yorii, and another in Suzuka, in central Japan’s Mie Prefecture, had an annual domestic manufacturing capacity of roughly 1 million finished automobiles.
VIN Number Breakdown
The World Manufacturer Identifier, Vehicle Descriptor Section, and Vehicle Identifier Section are the three groupings of the 17 numbers and letters (17 places) that make up a VIN. To enable you to decode any VIN number, we will go over each of the 17 locations here. You’ll master VIN decoding in no time!
Position 1
You can find out where in the globe your car was built by looking at the first letter or number of the VIN. To determine where in the globe your VIN was created, compare the letter or number below to the initial number or letter of your VIN.
Africa is where items A through H are manufactured. Asia is where J, K, L, M, N, P, and R are produced. Europe is where S, T, U, V, W, X, Y, and Z are produced. The first five are produced in North America. Oceania produced numbers 6 and 7. 8 and 9 were produced in South America.
Position 2
The second letter or number in the VIN, when combined with the first letter or number, identifies the nation where the car or truck was built. You might be astonished to learn that not all GM automobiles are built in America, and not all Japanese cars are made in Japan, etc. Anyway, there are over 600 VIN nation codes, and over 80 countries produce automobiles and trucks. Visit to examine all the codes and discover the factory that built your automobile or truck. What country built my car or truck?
Position 3
The car manufacturer specifies the type of vehicle by using the third number or letter. Any vehicle could be used—a car, truck, bus, etc. To learn what the third place in the VIN for your specific vehicle represents, visit the website of the automobile manufacturer for your model. Each vehicle manufacturer uses a distinct set of codes for this.
What country produces Honda automobile engines?
Honda manufactures tiny engines at 5 facilities across the world. We can produce well over 7 million pieces each year. Thailand, Japan, and the United States are the main suppliers of engines for the American market.
What is the top-selling vehicle in Japan?
With sales of around to 213 thousand units, Toyota’s Yaris was the best-selling passenger car model on the Japanese auto market in 2021. Second place went to the Toyota Roomy compact minivan, with over 134 thousand units sold.
The majority of the nation’s most popular automobile brands are Japanese, and the best-selling car models are exclusively produced by domestic firms. None of the top 10 Japanese automotive manufacturers with international brands were included. Mercedes-Benz, BMW, and Volkswagen were the top three foreign bestsellers, demonstrating Japanese buyers’ predilection for imports from the luxury market. Nevertheless, they frequently make investments in domestic markets’ car technology. Because the initial investment and ongoing maintenance expenses of imported automobiles are correspondingly expensive, foreign car brands are frequently considered as status symbols among Japanese consumers.
In addition to a higher price point, preferring indigenous brands over automobiles made by foreign automakers has another key benefit: kei cars. The mini-sized cars are a peculiar aspect of the Japanese automotive industry. Kei cars are a more convenient alternative to standard-sized automobiles because to their reduced exterior, which also makes them easier to maneuver on Japan’s congested roads. Even though the Yaris led the list of the best-selling regular-sized passenger cars, there were years when Honda N-Box sales substantially outpaced those of the Yaris. N-Box sales declined in 2021. However, the N-popularity Box’s proved once more how important tiny cars are to the Japanese auto industry.