Honda Motor Co. Ltd. introduced Magna early in 1982, though the first bike manufactured was reportedly sold in 1983. The bike was named as the Honda V45 Magna (the VF750C make) and was available in Candy Maroon or Candy Imperial Blue colored gas tank and side covers. The bike sported entirely chromed headlight, instruments panel, and the fenders. It had the straight grooved, double piston calipers, and TRAC anti-dive front disc brakes for extremely accurate braking. The fuel tank and side covers were the basic color. The front disc brake grooves were curved.

                                          The bike was built upon a 748 cc 16-valve 90 degree DOHC engine. The engine belonged to very few bikes that had a liquid cooling system. The drive system consisted of a 6-speed hydraulic transmission with a hydraulic clutch and shaft drive. It could easily touch a speed of 160 MPH with a redline meter of 10,000 RPMs. It could generate 105 BHP while delivering a torque of up to 93 Nm. The bike had a relaxed position seat suitable for long drives. The bike weighed about 574 lbs with an acceleration rate of covering a quarter mile under 11 seconds. It was the first production bike to achieve such an acceleration speed.

                                           ​​ Models from 1982 to 1984 were unique in their use of a larger primary fuel tank and smaller sub-tank. The sub-tank is located almost in the position of a side cover, well below the level of the carburetor banks and has a low-fuel sensor incorporated into the body. Owing to the low seat height (much lower than in a standard street bike) and cruiser styling of the bike, the main tank is relatively small. Because the bottom end of the sub-tank is so low, all bikes in this family have a fuel pump to get the fuel up into the carburetors. In practice, the fuel pump adds more complexity to a carbureted bike which otherwise doesn't need pressure fed fuel.

                                      ​​     ​​The bike's front forks were adjustable, as was the dual shocks on the rear. The transmission used a shaft final drive system with six gears. The bike had a seat at a height of 29.8 inches. The fuel tank had a capacity of 3.4 gallons. The front suspension used forks of 1.5 inch diameter with 4.7 inches of travel and the rear suspension had two shocks which were adjustable for preload with a travel of 3.9 inches. The front brakes had dual discs and the rear brake was a drum. The front tire was 110/90 -18 size and the rear tire 130/90 -16 size.

                                      ​    The only successor to this series of the bike is the Honda ?V65? Magna launched in the same year. The V65 Magna used a superior 1098 cc V4 engine for more top-end power on the roads. The bike was structurally similar to the V45 Magna with little or negligible cosmetic changes.