Retail in Asia

In Sectors

Honda prefers Thailand to India as global car hub

Thailand, and not India, will be Honda’s global car hub for Asia and parts of Europe, according to Mr Fumihiko Ike, President and CEO, Asian Honda Motor Co.

Thailand, although a smaller market than India, will be a key base for exports, especially to the ASEAN region and parts of Europe as the AFTA (ASEAN Free Trade Area) agreement practically eliminates tariff barriers between 10 countries in the ASEAN region.