Honda eyes moto, parts production merge for PH

MANILA: Honda’s motorcycle and parts production subsidiaries in the country are set to create a coalition soon.

In a statement, Honda Philippines Incorporated (HPI) shared that it will coalesce with Honda Parts Manufacturing Corporation (HPMC) with a goal of consolidating the strengths of both organizations.”

Prior to the targeted union, two companies will secure approval from the Securities and Exchange Commission (SEC) on the Plan of Merger.

“Once approved, the merged entity will combine the robust manufacturing capabilities of both companies, creating a more integrated and flexible organization. This will reinforce Honda’s capacity to serve the increasing demand for both motorcycles and power products in the country and marks the beginning of a stronger, more unified Honda, geared to deliver greater value to all our stakeholders,” the firm said in a statement.

According to HPI, such an alliance will serve as an integral portion of Honda’s long-term vision to secure the number one market share in the Philippines.

“This initiative is a strategic step towards maximizing our production capabilities and enabling Honda to contribute more significantly to Philippine society,” HPI President Takeshi Kobayashi was quoted as saying.

“The Philippine motorcycle market is growing rapidly, and we believe this merger will allow us to better respond to demand and strengthen our presence as a mobility solutions provider,” he added.

Recently, HPI has launched the all-new Navi, expanding its scooter roster. This particular  entry-level model joins Honda’s local stable, which includes the following notable nameplates: 

Scooters	Honda BeAT Honda Giorno+ Honda Click125 Honda Click160 Honda PCX160 Honda ADV160 Honda ADV350
Big bikes	Honda NX500 Honda XL750 Transalp Honda X-ADV Honda CRF1100L Africa Twin Honda CB500 Hornet Honda CB650R Honda CB1000 Hornet
Electric motorcycle	Honda EM1 e: Honda CUV e:

Also read: 

Honda hits 500-M MC global production milestone

Kobayashi steps up as new Honda PH president

Honda PH launches all-new Navi

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