Honda India Power Products Ltd. Appoints Shigeki Iwama as New CEO

Shigeki Iwama has been appointed as the new President of Honda India Power Products Limited (HIPP), a prominent power product manufacturer and market leader in India for 36 years. The appointment is effective from April 1st, 2023, and Iwama will succeed Takahiro Ueda to lead the company in its next phase of growth.

Iwama has an extensive career spanning close to 20 years with Honda Motor Company, specializing in the power products business. He most recently served as President of Honda Motor Europe's Central Europe branch (Austria) from 2020 to 2023, where he led the entire Central Europe branch, overseeing Sales and Marketing operations in the Power products, Car, Motorcycle, and Spare parts business.

Iwama's previous roles include serving as Department Manager at Honda Motor Japan and General Manager of the Power Products Department at Honda South America. He oversaw various aspects of Honda Motor Company, including sales, product planning, strategic growth, and power product domains.

With his extensive background and commendable expertise in the power products industry, exceptional leadership skills, impressive track record of delivery, and in-depth know-how, Iwama is the perfect fit to lead HIPP as its President.

Expressing his avidity on this new role, Shigeki Iwama stated, "In terms of demand for power products, India stands at 4th rank in the world demonstrating a huge opportunity driven by a resolute focus on agriculture, construction mechanization, a steady infrastructure boost and impetus to the power & EV sector. With opportunity comes a responsibility to incorporate innovation and sustainability in our product offerings to make them future-ready. To support the Indian Government’s efforts, HIPP will continue with its eco-friendly approach across our product line-up.  In this new role, our efforts will be focused on harnessing the unwavering potential posed by the Indian market, all while fostering a culture of collaboration, innovation, and excellence."       

Speaking about the HIPP’s product repertoire, he added, “Today, Honda India Power Products is an industry leader offering a series of robust innovation-led products to more than 5 million customers. We’ve built an ever-growing organization focused to improve living standards and maximise convenience for our customer base. At HIPP, we’ll continue to transition our product repertoire, as a direct corollary of the shifting dynamics.”

Under Iwama's stewardship, Honda India Power Products is poised to achieve sustained growth and success, cementing its position as a major player in the Indian market. Shigeki Iwama's motto of "Triple Win" - which focuses on winning over customers, dealers, and associates – will surely be able to take HIPP’s success story to even greater heights in India.