Now caught up from last year's earthquake and tsunami, Honda is looking to double its annual global sales to more than 6 million units by 2017.
In order to reach that goal Honda will be focusing on emerging markets, including India and China. Honda will be rolling out cheaper models over the next few years to cater to those emerging markets.
"We have now reached the stage of going on the offensive," Honda Motor Co. President Takanobu Ito told The Detroit News.
However, established markets like the United States, Japan and Europe will also be a large part of the 6 million unit goal. To serve those markets Honda will introduce a new version of its Fit compact next year, including a crossover based on the small hatchback. Honda will launch six new “mini” cars in Japan by 2015 and is also planning more hybrids for the U.S. market.
Honda is hopeful it will reach the 6 million unit mark by the fiscal year ending March 2017. Last year Honda sold 3.1 million vehicles worldwide.