MUMBAI – Honda Siel Cars India made a marginal profit for the fiscal year ended in March, after six years of its Indian operations. “We now breakeven at sales of 10,000 units this year,” says Hajime Yamada, incoming president and CEO. Honda City Honda-India’s break even level two years ago was 20,000 cars. But that has been reduced “through marginal price increases and cost reduction,” says outgoing President and Managing Director T. Fujisaki. Honda-India is not willing ...
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