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Honda Motors to use India steel to lower costs

Nikkei business daily reported that Honda Motor Co plans to use Indian steel sheet for the first time when it starts making small cars in India next year to lower costs, the

Nikkei said that Honda plans to procure most of the steel sheet for the 2CV, a new subcompact for emerging markets, from multiple suppliers, including TATA Steel.

As per report, Honda aims to lower production costs for the 2CV by using steel sheet that is 20% to 30% cheaper than similar steel made in Japan.

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