Short Bio
With its headquarters in Minato, Tokyo, Japan, Honda Motor Co., Ltd. is a publicly traded international conglomerate that produces cars, motorbikes, and power equipment. Since 1959, Honda has been the greatest motorcycle producer in the world, with 400 million motorcycles produced by the end of 2019.
Overview
Company Name: | Honda Motor Co., Ltd. |
Also Know as: | Honda |
Type: | Public |
Industry: | Automotive |
Founded: | September 24, 1948 |
Founders: | Soichiro Honda, Takeo Fujisawa |
Headquarters: | Minato, Tokyo, Japan |
Area Served: | Worldwide |
Revenue: | JPY 14.9 trillion (FY 2021) |
Net Income: | JPY 610 billion (FY 2021) |
Number of Employees | 219,722 (as of March 31, 2021) |
Website: | https://www.honda.com/ |
History
In 1948, Soichiro Honda and Takeo Fujisawa formed Honda Motor Co., Ltd. In the beginning, the business was a Japanese motorbike manufacturing. The Honda T360 mini-truck, which was released in 1963, was followed by the S500 sports vehicle as Honda’s first automobile. In the 1970s, Honda grew quickly, opening its first foreign facility in Ohio, USA, and breaking into the marine engine and power equipment sectors.
Honda began making luxury vehicles in the 1980s and broadened its product line to include ATVs and personal watercraft, which are used for power sports. With the creation of the HondaJet and the creation of ecologically friendly engines, Honda expanded into the aviation sector in the 1990s. With major investments in R&D, Honda has maintained its global expansion and emerged as a top manufacturer of hybrid and electric vehicles.
Services
Honda produces a wide range of products, including automobiles, motorcycles, power equipment, marine engines, personal watercraft, and aircraft. The company has a global network of manufacturing plants, research and development centers, and sales offices.
Founder
In Japan’s Hamamatsu, Soichiro Honda was born in the year 1906. He developed an early interest in mechanics and later found employment as a mechanic for a car company. Honda founded his own business, Tokai Seiki, in 1937 to produce piston rings for Toyota. However, bombing during World War II destroyed the company’s manufacturing.
Following the war, Honda founded a new business, the Honda Motor Co., Ltd., which began making motorcycles in 1948. Honda was renowned for his creative technical approaches and ideas, which aided in the business’ quick expansion.
Achievement
Honda is renowned for its cutting-edge engineering and premium goods. The business has received various honours throughout the years, including the Car of the Year trophy in North America, Europe, and Japan. Honda has received praise for its environmental efforts, which have included the creation of hybrid and electric vehicles.
With the development of the Honda Jet, its first aircraft designed and constructed in-house, Honda has made substantial contributions to aviation in addition to its success in the auto business. The HondaJet has received numerous accolades for its inventiveness and design.