Honda vs Suzuki: Founders, CEOs and History
Honda was founded in 1948 by Soichiro Honda, Takeo Fujisawa and is led by Toshihiro Mibe. Suzuki was founded in 1909 by Michio Suzuki and is led by Toshihiro Suzuki.
Company facts
Founders
Honda
Soichiro Honda
Soichiro Honda founded the company in 1946. Originally a mechanic who manufactured piston rings for Toyota, he realized that post-war Japan desperately needed cheap, reliable transportation.
Takeo Fujisawa
Takeo Fujisawa co-founded Honda in 1949, serving as the absolute perfect business counterpart to Soichiro Honda's engineering obsession.
Suzuki
Michio Suzuki
Michio Suzuki founded the Suzuki Loom Works in 1909. A brilliant, highly pragmatic inventor, he initially built incredibly reliable, highly innovative mechanical weaving looms for Japan's massive silk industry.
CEOs and their tenures
Honda
- Takeo Fukui2003–2009
President and Chief Executive Officer
Honda expanded production in North America and Asia under him. Takanobu Ito succeeded him in 2009.
Source - Takanobu Ito2009–2015
President and CEO
He introduced a plan to reorganise Honda global operations and handed the presidency to Takahiro Hachigo in 2015.
Source - Takahiro Hachigo2015–2021
Former President and CEO
Hachigo trimmed excess capacity and refocused Honda on hybrids, motorcycles and its core models, which improved profitability before the EV investment cycle began.
Source - Toshihiro Mibe2021–present
Director, President and Representative Executive Officer (CEO)
Mibe's tenure has been defined by the push into electrification and its costly reset. The EV charges produced Honda's first annual loss since listing, but the shift toward hybrids and motorcycles was followed by a record first-quarter profit in FY2027.
Source
Suzuki
- Osamu Suzuki1978–2021
President & Chairman (19782021)
Transformed a regional Japanese motorcycle and kei car manufacturer into a global automotive leader producing over 3 million cars annually.
Source - Toshihiro Suzuki2015–present
Representative Director & President / CEO
Modernized Suzuki's product lineup, maintained market leadership in India and Japan, and navigated the capital-intensive transition to electrification while preserving corporate profitability.
Source
Timeline: Honda and Suzuki side by side
1909Suzuki
Michio Suzuki Founds Suzuki Loom Works: Michio Suzuki establishes Suzuki Loom Works in Hamamatsu, Shizuoka Prefecture, manufacturing innovative weaving looms for Japan's booming textile trade.
1948Honda
Honda Motor Founded
Soichiro Honda establishes Honda Motor Co., Ltd. in Japan.
1952Suzuki
Launch of Power Free Motorized Bicycle: Suzuki enters motorized transportation with the Power Free 36cc two-stroke motorized bicycle, designed to provide affordable transportation for post-war Japanes…
1955Suzuki
Launch of Suzulight: Japan's Kei Car Pioneer: Introduces the Suzulight, a lightweight front-wheel-drive 360cc passenger car that helped pioneer Japan's official kei car minivehicle regulations.
1959Honda
American Honda Opens
Honda enters the US market, initially building awareness through motorcycles.
1963Honda
Honda Enters Automobiles
Honda expands from motorcycles and engines into automobile production.
1970Suzuki
Launch of First-Generation Jimny (LJ10): Unveils the Jimny LJ10, the world's first mass-produced 4x4 minivehicle, initiating a half-century global off-road cult phenomenon.
1972Honda
Civic Launch
The Civic becomes a defining global nameplate for Honda's fuel-efficient automobile strategy.
1982Suzuki
Historic Joint Venture Agreement Forming Maruti Udyog in India: Osamu Suzuki signs a landmark joint venture agreement with the Government of India, establishing Maruti Udyog Limited to motorized the s…
1983Suzuki
Rollout of the Maruti 800 in India: The first Maruti 800 rolls off the Gurgaon assembly line, priced accessibly to become the definitive people's car that motorized modern India.
1986Honda
Acquired Montesa
Honda Motor Co. acquired Montesa. Honda took control of the Spanish motorcycle maker Montesa, creating Montesa Honda to build trial and off-road motorcycles in Europe.
1986Honda
Acura Brand Launched
Honda launched the Acura luxury brand in the United States in 1986.
2000Honda
ASIMO Unveiled
Honda unveiled the ASIMO humanoid robot in 2000.
2004Suzuki
Launch of First Global Strategic Vehicle: Suzuki Swift: Debuts the redesigned Suzuki Swift as a global strategic hatchback engineered to European driving dynamics, achieving over 9 million global sale…
2009Suzuki
Volkswagen Alliance
Volkswagen bought a 19.9 percent stake in Suzuki in December 2009. The alliance broke down and ended in 2015.
2015Honda
Takahiro Hachigo becomes CEO
Takahiro Hachigo became CEO of Honda Motor Co. in 2015. Hachigo trimmed excess capacity and refocused Honda on hybrids, motorcycles and its core models, which improved profitability before the EV investment cycle began.
2015Honda
First HondaJet Delivered
Honda delivered the first HondaJet business aircraft in December 2015.
2015Suzuki
Victory in London International Arbitration Against Volkswagen: International Court of Arbitration orders Volkswagen to divest its 19.9% stake in Suzuki, vindicating Osamu Suzuki's defense of manageme…
2019Suzuki
Capital Alliance Established with Toyota Motor Corporation: Toyota acquires a 4.94% equity stake in Suzuki, while Suzuki invests approximately $450 million in Toyota shares, cementing collaboration on…
2021Honda
Toshihiro Mibe Becomes CEO
Mibe becomes CEO as Honda increases focus on electrification, software, and new mobility.
2021Suzuki
Retirement of Osamu Suzuki at Age 91: Osamu Suzuki retires as Chairman after 43 years leading the corporation, transferring full stewardship to President Toshihiro Suzuki.
2025Suzuki
Global Rollout of Suzuki eVX Electric SUV: Launches its first dedicated global battery electric SUV (eVX) manufactured in Gujarat, India, featuring 60 kWh battery capacity and 500 km electric range.
2026Honda
FY2026 Loss and EV Reset
Honda reports ~$146 billion (JPY 21.797 trillion) in sales revenue and a ~$2.84 billion (JPY 423.9 billion) loss attributable to owners after EV write-downs, then posts a record ~$3.56 billion (JPY 530.7 billion) Q1 FY2027 operating profit in August.
Acquisitions
Honda
- Astemo, Ltd.2026Undisclosed
- Keihin Corporation2020Undisclosed
- Showa Corporation2020Undisclosed
- Nissin Kogyo Co., Ltd.2020Undisclosed
- Montesa1986Undisclosed
Suzuki
- Suzuki Motor Gujarat Pvt Ltd (Full Consolidation)2023$1.5B
- GMDAT2004Undisclosed
- Maruti Suzuki India Limited (Controlling Majority Equity Expansion)2002$242M
Questions about Honda vs Suzuki
Who is the CEO of Honda Motor Co., Ltd. and Suzuki Motor Corporation?
Honda Motor Co., Ltd. is led by Toshihiro Mibe and Suzuki Motor Corporation is led by Toshihiro Suzuki. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Honda Motor Co., Ltd. founded vs Suzuki Motor Corporation?
Suzuki Motor Corporation was founded in 1909 — 39 years before Honda Motor Co., Ltd., which was founded in 1948. Suzuki Motor Corporation's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Honda Motor Co., Ltd..
How many employees does Honda Motor Co., Ltd. have compared to Suzuki Motor Corporation?
Honda Motor Co., Ltd. employs approximately 195,109 people, while Suzuki Motor Corporation employs approximately 70,000. Honda Motor Co., Ltd. has the larger workforce at 195,109 employees, compared to Suzuki Motor Corporation's 70,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Honda Motor Co., Ltd. and Suzuki Motor Corporation headquartered?
Both Honda Motor Co., Ltd. and Suzuki Motor Corporation are headquartered in Japan. Their local rules and tax obligations may still differ.
Who founded Honda Motor Co., Ltd. and Suzuki Motor Corporation?
Honda Motor Co., Ltd. was founded by Soichiro Honda, Takeo Fujisawa. Suzuki Motor Corporation was founded by Michio Suzuki.
Which company has a longer operating history — Honda Motor Co., Ltd. or Suzuki Motor Corporation?
Suzuki Motor Corporation has been operating for approximately 117 years, making it the more established of the two companies. Honda Motor Co., Ltd. has been in operation for around 78 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Honda vs Suzuki overview