Companies Kinetic Honda Coping with Recession

An important development in Kinetic Honda Motors is the increase in share-holding of Honda Motor Company, the foreign collaborators from Japan, from 28.56 per cent of 50.92 per cent. This follows liberalisation by the government of the norms for foreign investment in Indian companies engaged in high priority industries in order to attract foreign in-vestment. The increase in the foreign col-laborators' shareholding is to yield for Kinetic Honda access to the latest technology and extensive R and D facilities at Honda, in addition to vital markets for export, by integrating with Honda's global operations.