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‘Honda Cars India Ltd (HCIL) is a subsidiary of Honda of Japan for the production, marketing, and export of passenger cars in India. Formerly known as Honda Siel Cars India Ltd, it began operations in 1995 as a joint venture between Honda Motor Company and Usha International of Siddharth Shriram Group. In August 2012, Honda bought out Usha International’s entire 3.16 percent stake for ₹1.8 billion in the joint venture. The company officially changed its name to Honda Cars India Ltd (HCIL) and became a 100% subsidiary of Honda.’

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