Honda reaches ₹3,860cr settlement over faulty Takata airbags

Honda has agreed to a $605 million (₹3,861 crore) economic loss settlement covering up to 16.5 million US vehicles with potentially faulty Takata airbag inflators. The settlement includes claims that vehicles were inaccurately represented to be safe and that buyers overpaid for cars with defective airbags. Notably, five other automakers have reached similar settlements worth $650 million in total.