Honda was found in 1946 by Soichiro Honda, a mechanic who was always interested in automobiles. With minimum investment he started the small company. With just 12 men working in a small area they built and sold improvised motor bicycles.Honda Motor Company grew in a short time to become the world’s largest manufacturer of motorcycles by 1964.Over the next few decades, Honda worked to expand its product line and expanded operations and exports to numerous countries around the world. In a short span of time Honda motor company was considered one of the leading and well known company in the automobile market.
Developments of Honda
Honda motors is based in Tokyo, Japan, but due to reaching high consumer demand and success, it has opened its operation centers around the world including China, USA, UAE, Europe, Asia and Indonesia. Honda has been the world’s largest motorcycle manufacturer since 1959 also the world’s largest manufacturer of internal combustion engines which are measured by volume, producing more than 14 million internal combustion engines each year. Honda is declared to be the world’s eighth largest automobile manufacturer.
Honda was the first Japanese automobile manufacturer to release a dedicated luxury brand, Acura, in 1986.
From the year of 1986 Honda has been involved in artificial intelligence and robotics research and released their ASIMO robot in the year of 2000.
Honda became the first Japanese automaker in 2013, to be a net exporter to the United States, exporting 108,705 Honda and Acura models, while importing only 88,357.
The first production automobile from Honda was the T360 mini pick-up truck, which went on sale in August 1963.
The major marketing strategy of Honda is that it has a diversified range of products, ranging from big to small, and common to luxury which can cater to all sorts of customers and every one can buy their automobiles according to their range.
Another effective marketing strategy is that promotes its products well in the market and it adopted the sound and effective advertisement policy for the supply of their vehicles. The latest information is shared with the clients and the advertisements are appeared in both electronic and print media. The use of social media is also carried out for the publicity of their automobiles. It also has sponsored various sports activities and events to promote the brand image among its users.
Honda has created quality automobile products under its portfolio. Their products are the highest in quality control measures with innovative features to bring the best with the most efficiency for its consumers.
Honda motors has its name in the top five automobile companies to create eco-friendly automobiles so to lessen the damage to the atmosphere and that creates a trust level for the customers.
Their automobiles and motorbikes are built with strong and resistant materials which can be used even in rugged and rough areas, so the people from rural areas also prefer to buy their motorbikes.
Due to its effective production system, the company has provided the vehicles to the clients with good research work, and they also give their customers after sale services to ensure brand loyalty.