[7] The company's rename was announced in September 2023, as Honda Racing Corporation and then HPD looked to strengthen their capabilities in motorsport through joined collaboration.

In 2004, HPD overwhelmingly dominated the IndyCar Series by winning 14 of 16 races, including the Indianapolis 500, and claiming the manufacturers' and drivers' championship titles.

The 2005 season was similarly successful as the company took its second Indy 500 victory and won 12 races to win the manufacturers' and drivers' crowns.

In 2006, Honda through its Acura brand, announced its plans to develop a Le Mans Prototype program for the ALMS, competing in the LMP2 class for the initial year of competition in 2007.

Elements of the Acura V8 dubbed the AL7R, share similar architecture with the Honda engine used in the Indy Racing League although none of the parts are interchangeable.