In a pointer to the growing stature of the Indian car market globally, Japan’s Honda Motor Co has decided to set up a research and development (R&D) centre for cars in the country to understand the requirements of the market better. Globally, this would be the one of the seven R&D centres for the company.
“India is an important market for Honda worldwide. As the market matures, bringing the R&D function into the market becomes very important,” Takeo Fukui, Honda’s global president and CEO, told TOI.
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