Batangas - Honda Philippines, Inc. (HPI), a manufacturer and distributor of Honda motorcycles in the Philippines, today celebrated its milestone of the 5 millionth Honda motorcycle manufactured in the country. A Special Edition Red XRM 125, the most popular model in the Philippines since its first release in 2002 with cumulative sales over 1.4 million units, commemorated the five millionth unit produced.
Owing to the continuing upswing of the Philippine economy and the steady rise in its annual GDP, there ha
The achievement of this milestone was celebrated in a ceremony at HPI Factory in Tanauan City, Batangas. Mr. Toshiyuki Shimabara, Operating Officer of Honda Motor Co. Ltd., in Charge of Motorcycle Production of Motorcycle Operations, Mr. Daiki Mihara, President of HPI and other Honda associates and stakeholders attended the ceremony to share the historic moment.
HPI started production of motorcycle in 1973 and reached its 1 millionth production on February 10, 2005 at its factory in Paranaque. In April 2006, HPI transferred its production site to Batangas to increase its production capacity at a new factory. Two years later, HPI achieved its 2 millionth production on April 8, 2008. Thereafter, the company achieved its 3 million, and 4 million cumulative productions on February 10, 2011 and January 8, 2014, respectively. Currently, HPI’s annual production capacity is over 500,000 units with nine (9) models being produced ranging from Business, Cub and Sports category.
The 5 million production milestone brings HPI closer to its company’s Vision 2025 “A leading Philippine Company driven by Filipinos, serving the Joy of Mobility for every Filipino Family”. HPI is committed to deliver products that exceed expectations of Filipino customers and strives to achieve its vision and to become the company that the Filipino society wants to exist.
Honda Philippines’s production milestones:
|May 23, 1973||Began production of motorcycle at the first factory in Paranaque|
|February 10, 2005||Cumulative production reached 1 million units|
|April 2006||Transferred to new factory in Batangas|
|April 8, 2008||Cumulative production reached 2 million units|
|February 10, 2011||Cumulative production reached 3 million units|
|January 8, 2014||Cumulative production reached 4 million units|
|September 26, 2016||Cumulative production reached 5 million units|
Profile of Honda Philippines Inc.:
|Establishment:||May 23, 1973|
|Representative:||Daiki Mihara, President|
|Capital:||US$ 25.69 million|
|Capitalization Ratio:||99.62% Honda group companies|
|Business:||Production, sales, services of motorcycles|
|Production Capacity:||500,000 units per year|
|Employment:||About 956 associates|
CUB: Wave, Dash, RS150, XRM, XRM RS
LMC: TMX125, CB125, TMX150
XR150, CB150R, CBR150R, CRF250
AT: CLICK125i, Zoomer-X, BeAT Fi