MUMBAI – Honda Siel Cars India Ltd. has restructured the technical and royalty fees it pays to Japanese parent Honda Motor Co. Ltd., enabling the subsidiary to make fresh investments in its production plant and bring new models to market. “Our strategy is to become a leader of the premium segment. That is the reason we have revised the terms of payment to our principals,” H. Yamada, Honda Siel president and CEO, says. Honda City Honda Siel expects to sell 37,000 vehicles this fiscal ...

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