Get Daily Updates In Email
Honda was a mechanic. His job was to prepare cars for races. Honda founded a piston ring manufacturing company called Tokai Seiki in 1937. This company won a major contract to supply piston rings to automobile giant – Toyota.
But soon he lost the contract as the quality of his work was very poor. He worked very hard to understand the quality required and improved on it. By 1941, he had made such piston that he started producing rings that were acceptable to Toyota standards.
Toyota took 40% stake in his company Honda and still he was demoted from President to Senior Managing Director. Unfortunately, the manufacturing plants of Honda’s company Tokai Seiki were destroyed several times due to US Bombs attacks in 1946. Honda sold the remains of the company to Toyota and decided to establish a whole new company.
Honda established the Honda Technical Research Institute in October 1946. He worked in a 172-square-foot shack with a staff of only 12 men. They built and sold improvised motorized bicycles by building their own copy of Tohatsu engines and supplying them to customers to attach to their bicycles. Because of dedication and hard work, Honda Motor Company grew in a short time to become the world’s largest manufacturer of motorcycles by 1964.
Honda thereafter entered into mini-pickup trucks and then finally into the car industry. Today, Honda is one of the most successful car manufacturers and is a serious and big competitor to Toyota!
No comments:
Post a Comment