Honda 2011 Annual Report Download - page 26

Download and view the complete annual report

Please find page 26 of the 2011 Honda annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

Odyssey (North America)
In Asia, total demand continued to increase due to robust
economic growth and the positive effects of new car model
launches. Unit sales in China rose about 32% over the previous
year to approximately 18.06 million units.*1 In Asia, excluding
China, units sales climbed 27%, to about 7.48 million units.*2
Honda’s unit sales in Asia outside Japan rose 6.1%, to
1,008 thousand units, supported by solid economic expansion
in the region. Sales of the CR-V in Thailand, Indonesia, Malaysia
and elsewhere in Asia, as well as sales of the City in Thailand,
continued to be favorable. Together with sales growth in China,
Honda’s overall sales in Asia expanded.
In the production area, in response to continued expansion
in demand in China’s automobile market, Guangqi Honda Au-
tomobile Co., Ltd., an affiliate accounted for under the equity
method, is scheduled to increase its annual production capacity
from the current 360 thousand to 480 thousand units by the
latter half of calendar 2011. In addition, Dongfeng Honda Au-
tomobile Co., Ltd., an affiliate accounted for under the equity
method, started construction of a second plant in response to
continued expansion in demand in China’s automobile market.
Within the latter half of calendar 2012, Dongfeng Honda‘s
total annual production capacity is scheduled to increase to 340
thousand units.
Asia
* 1: Source: China Association of Automobile Manufacturers
* 2: The total is based on Honda research and includes the following 10 countries:
Thailand, Indonesia, Malaysia, the Philippines, Vietnam, Singapore, Taiwan, South
Korea, India and Pakistan.
Li Nian S1 (China)
24