Honda Cars charts Rs 270-cr network expansion

Honda Cars charts Rs 270-cr network expansion
Highlights

Auto major Honda Cars India plans to revamp its entire sales network over the next three years entailing an investment of up to Rs 270 crore in collaboration with dealer partners, a senior company official Monday said

New Delhi: Auto major Honda Cars India plans to revamp its entire sales network over the next three years entailing an investment of up to Rs 270 crore in collaboration with dealer partners, a senior company official Monday said.

The adoption of a new corporate identity will cover over 400 dealerships which is expected to be completed in the next three years. "We have embarked on revamping all our dealerships and new outlets in the pipeline as per what we call as our new corporate identity of Honda on the retail front. In very simple terms we are changing the look and face of the dealerships," Honda Cars India Ltd (HCIL) Senior Vice President and Director Marketing & Sales Rajesh Goel told PTI in an interview.

The idea is to improve the retail experience of customers and to make them identify with the premiumness of the Honda brand, he added. Elaborating on the exercise, Goel said the company started planning the process two-years ago and has now initiated it nationally. "It will take around three years to modernise the entire network... we will do it in a progressive manner and by the end of three years our entire 350 dealerships and another 70 odd outlets which we are planning to open will be revamped," he said.

When asked about the planned investment on the initiative, he added, "Over the next three years, between Rs 250-270 crore is estimated to be spent towards this exercise." The investment per dealership would be in the range of Rs 60 lakh to Rs 1.10 crore per facility and would be put in by dealer partners with contribution from Honda, Goel noted.

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