Nagai to be new Honda Siel CEO

Honda Siel Cars India Ltd. (HSCI), has announced that Takashi Nagai will be the new President & Chief Executive Officer of HSCI from April 1, 2010. Nagai takes over from Masahiro Takedagawa who moves to Honda Canada Inc. as President & Director after serving with HSCI since April 2005.

Takashi Nagai is currently the Executive Vice President of Asian Honda Motor Co. Ltd., Thailand and has been associated with Honda Motor Co. for more than 27 years. Takashi Nagai has vast experience in the automobile industry, having worked with Honda ventures in different markets, across the globe including America and Europe.

Previously, Nagai has served as General Manager, Overseas Operations at Honda Motor Co. Ltd. in North America, South America and European markets. He has also worked as the Director of Honda de Mexico. In April 2007, Nagai became the Executive Vice President, Asian Honda Motor Company Ltd. and a Director of Honda Motor Co. Ltd from June of the same year.

He will be taking charge of Honda’s Indian operations from Takedagawa who has been associated with Honda Motor Co. for over 30 years. Under his leadership, HSCI has witnessed rapid expansion from a production capacity of 30,000 units per annum in year 2005 to 100,000 units per annum in 2008. Dealership network also grew up from 52 facilities in 41 cities (March 2005) to the current 117 facilities in 70 cities.

Apart from doubling the company sales turnover during his tenure, Takedagawa formed Honda Motor India that strengthened and integrated spare part operations of Honda companies in India. Under his guidance, HSCI also set-up its second manufacturing facility in Tapukara, Rajasthan.