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(2015). Honda Motor SWOT & PESTLE Analysis Last Updated : Sep, 2020 Honda Motor Co. is one of the largest manufacturers of automobiles and motorcycles globally. SWOT & PESTLE ANALYSIS HONDA ATLAS.pdf - HONDA ATLAS CARS... School University of Central Punjab, Lahore; Course Title BUSINESS 1013; Uploaded By fahadistic. With countries promoting battery-driven cars, the company has to buckle up to gain the lead in the field of battery-driven cars. We will be glad to help you out. Political factors include tax policies, Fiscal policy, trade tariffs etc. It also needs to keep a tab on the policies related to the working hours of the employees as well as minimum wages it needs to provide to its employees working in these countries. The boost in the desire of city cars has encouraged Honda to produce small economic cars such as Honda Jazz and Honda Beat. Honda is expanding its business worldwide and prefers to that in English which is the international language. It has been reviewed & published by the MBA Skool Team. The reason for both its growth and restrictions faced, in the governments in the various countries. It is always creative and constantly challenging themselves looking for the new opportunities and initiatives. These factors determine the extent to which a government may influence the economy or a certain industry. Although hybrid cars are a useful entity in future but Honda needs to invest more in its R&D to improve their functionality which is still not as first-rate as petrol cars. The use and depletion of rare-earth metals, used in various processes, depicts a major problem for the industry. To keep up with the changing trend, Honda has decided to work on economic and eco-friendly vehicles worldwide. It is a useful technique to understand the present Strengths (S), Weakness (W), Opportunities (O) & Threats (T) Honda is facing in its current business environment. This factor had a significant effect on the sales of the vehicle. Honda makes everything from lawnmowers to cars. As the demand of the personalized cars is increasing, Honda is developing cars which can easily be modified according to the demands of the customers. Quizzes test your expertise in business and Skill tests evaluate your management traits. The company has been working on manufacturing cars indigenously for regions that do not believe much in an imported car, eg. With countries moving towards a sustainable environment, and reduction of pollution various governments across the world have taken up curbing the use of individual vehicles by various policies. Its motorcycle line consists of business and commuter models, as well as sports models, … It produces various automobile products, minivans, water pumps, grass cutters, lawn tractors and mowers, portable generators etc. 11 - 20 of 500 . Honda: Innovation The Chinese Way case study PESTEL analysis includes macro environment factors that impact the overall business environment – Political, Economic, Social, Technological, Environmental, and Legal factors. But till the company keeps a track of sustainability, it will be safe from any sort of legal work. Pestel And SWOT Analysis Of Honda Motor Marketing Essay. The company builds over 14 million combustion engines every year and is the largest manufacturer in the world. Following are the legal factors in the Honda PESTLE Analysis: When a company like Honda works across various countries, there are various legalities it needs to follow. Honda has shown a keen interest in designing sports cars for racing like Formula1. PESTEL and SWOT analysis of Honda Motor Co ltd. Info: 3170 words (13 pages) Essay Published: 1st Jan 1970 in Marketing. Honda is a Japanese multinational corporation of manufacturing automobiles, motorcycles and power equipment. The brand has shown sharp growth in the Asian markets. https://www.mbaskool.com › pestle-analysis › companies › 17980-honda.html Following are the social factors impacting Honda PESTLE Analysis: The consumers of the various automobile produced by the company seek different things. It functions as a distributor in North America, Europe and Asia. In Market News (January 29, 2016), it stayed … This importance given to the consumer has been depicted by the company over the years of its existence. Honda Europe Pestle Analysis. The political factors in the Honda PESTLE Analysis can be explained as follows: Honda operates across various countries across the world. In Europe, they are very common in Asian markets. So Honda is bound by government legislature to cut the amount of cars it produces usually. Honda uses English majorly to remove the language barriers worldwide. It has produced eco-friendly cars to attract its customers for the customers who prefer the local brand to Honda such as the people of UK. This section covers many brands and companies. Kevin Krol 9-21-2013 MGMT 310 Honda SWOT Analysis This is a SWOT analysis of Honda Motor Company that was founded in September 24, 1948 by Soichiro Honda. In India, Honda has used its advanced technology to release the new BS6 compliant Activa. To fulfill the need to keep the environment safe, Honda has developed iv-tech, which is a follow on from their v-tech engines. Honda has an advantage of Hybrid technology. Political environment in Japan . To avoid this the company must focus on developing new vehicles with more sustainable and cheaper fuel to gain a majority in the market. The company was founded in 1946 by Takeo Fujisawa and Soichiro Hon… Honda believes in the efficient utilization of resources. United Nations Sustainable development goals; Laws regarding sustainability; Brexit; Economical. The exchange rate of any currency to Yen is not stable so ultimately it would affect the price of Honda’s automobiles in an unstable way. The company’s first engines were built for motorcycles and power equipment, but were later produced for cars and marine vehicles. SWOT Analysis of Honda Motors Strengths of Honda Motors One of the Largest Automobile Manufacturers – According to Priyanka Pai (2015), Honda is the 8th largest automobile manufacturer in the world. Beyond the legal difficulties faced, Honda also needs to work on the pricing policy according to the different countries it operates in. A number of tools are used in the process of strategic analysis, including PEST and/or SWOT analyses, and Michael Porter's five forces model. Honda has a lot of potential to prosper in the country but there is a chance that it won’t be able to the demands of the industry as the country suffered a severe blow by the natural catastrophe. 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