Honda Motorcycles Offers Voluntary Retirement In India, Letter Shows

Honda Motorcycles and Scooters India (HMSI), the country’s second-largest manufacturer of two-wheelers, made the offer to “maintain its existence” in a competitive market, it said in a letter to its employees’ union dated January 5. Honda Motor Co is offering voluntary retirement to employees of its motorcycles and scooters unit in India amid slowing demand in the country following the COVID-19 pandemic, a company letter shows. Honda Motorcycles and Scooters India (HMSI), the country’s second-largest manufacturer of two-wheelers, made the offer to “maintain its existence” in a competitive market, it…

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