Honda India Power Products Limited (Formerly known as Honda Siel Power Products Limited) was incorporated in September, 1985 as a Joint Venture. Earlier it was called Shriram Honda Power, promoted by Honda Motor Co, Japan, and Shriram Industrial Enterprises. In 1998-99, it changed its name to Honda Siel Power Products Limited and again changed to Honda India Power Products Limited on May 24, 2020. Honda Motor, Japan, holds a 66.67% stake in the company. The Company is primarily engaged in manufacturing and marketing the portable gensets, water pumps, general purpose engines, lawn mowers, brush cutters, tillers and marine engines. The Company operate plants at Rudrapur (Uttaranchal), Pondicherry and Greater Noida.
The company set up a plant at Pondicherry, commercial production at which commenced in Sep.'95. In 1991-92, the company took up a major indigenisation programme to set up in-house machining facilities for crankshafts rotorshafts.
In Jul.'93, it received the ISO 9001 certification from RWTUV, Germany, for quality assurance systems in the design, manufacture, installation and after-sales service of its products. It achieved the Export House status in Sep.'94. The company sells its products to customers and institutions through regional offices and dealers. At present, it exports to over 25 countries in Africa, Europe, South America and Asia.
In June, 2000, the company commenced the in-house manufacture of flywheel required for Gensets, GP Engines and water pumping sets. The Company has set up a Pressure Die-Casting plant in Greater Noida, U.P, at a capital outlay of 7.80 crores. The Commercial production commenced in December 2000. The Company has drawn plans to take up ERP (IT Project) for all its functions across the company in a phased manner.
During the year 2003-04, the Company implemented the ERP project for the business cycles like Purchase to Pay, Order to Cash, Accounts Payable (AP), Accounts Receivable (AR) and General Ledger (GL) effe