What we do Honda India Power Products Ltd manufactures and markets portable gensets, engines, lawn mowers, water pumps, tillers, brush cutters and marine engines primarily for agriculture and power sectors. |
Founded in 1,985 |
Market share Market leader in water pumps with over 60,000 units of 2-inch pumps sold in FY 2024-25; strong brand presence in power products for agriculture and general use. |
Problem solved Provides reliable, fuel-efficient power solutions and agricultural equipment that enhance productivity and mechanization for diverse users including farmers and industries. |
Top clients or who we serve B2C and B2B customers including farmers, industries, and government agencies; exports to over 25 countries across Africa, Europe, South America, and Asia. |
Key management Shigeki Iwama (CMD and President & CEO) |
Our journey and innovations From JV origins in 1985, expanded product line to battery-operated equipment in 2024 and launched multiple high-tech engines, enhancing localization and ERP implementation. |
Where we operate India with manufacturing facilities and exports to over 25 countries globally, focusing on Asia, Africa, Europe, and South America. |
Top products or what we offer Portable gensets, water pumps, general purpose engines, brush cutters, tillers, marine engines, and latest battery-operated handheld power equipment under 'HI +'. |
Top brands HI+ brand introduced for broad range of power products; leadership with 2-inch water pumps and 4-stroke brush cutters; innovative inverter gensets launched since 2011. |
Raw materials needed Engine parts including connecting rod castings, ring gears, ignition coils, spark plugs, and die-cast components. |
Raw materials supplier Not specifically listed; company's localization program covers critical engine parts manufacture in-house. |
Recurring vs cyclical contribution Revenue largely cyclical tied to agriculture and infrastructure demand with steady export growth; diversification into battery-operated tools adds recurring service potential. |
Our industry position Strong market position and leadership in power product segments for agriculture and industry; export house status since 1994. |
Financial highlights Revenue of Rs. 794.23 crore and net profit of Rs. 79.94 crore for FY 2024-25; profit before tax decreased 13% year-on-year. |
Geographical revenue split India contributes Rs. 622.57 crore and foreign countries Rs. 163.46 crore to total revenue in FY 2024-25. |
Order book - |
Whats driving growth Product innovations like battery-operated equipment, new engine-powered marine and agricultural products, and expanding export markets fuel growth. |
Our future plans Expanding battery-operated power equipment lineup, launching new water pump models, and targeting coastal and inland waterway mechanization by 2025. |
Our green promise Committed to reducing CO2 emissions by 3% in FY 2025-26 with robust environmental, health, and safety management practices. |
Our people and values Emphasizes integrity, safety, diversity, and ethical governance fostering a culture of transparency and continuous improvement. |
Key challenges ahead Market cyclicality, competitive pressures, supply chain management, and adapting to evolving emission and environmental regulations. |
Interesting facts Achieved ISO 9001 certification in 1993; exports to 25+ countries; pioneered transition from kerosene to petrol and battery-operated power products. |
Risks and strategy Mitigates risks via ERP systems, diversified product portfolio, strong compliance, and proactive risk management framework aligned with regulations. |
