SME Times is powered by   
Search News
Just in:   • Dams in India did more harm than good, says UN Water report  • Automobile manufacturers to hike vehicle prices  • Pakistan, ADB ink loan accord to improve power transmission  • Engaging P&W to get grounded jets back into service: IndiGo  • MHA probing Mary Kom's NGO, Rajiv Gandhi Trust, Nasscom 
Last updated: 21 Apr, 2017  

Honda.9.Thmb.jpg Honda plans Rs 1,600 cr spend on new two-wheelers

   Top Stories
» RBI ban on LoU to severely impact MSMEs: PPMAI
» Kovind inaugurates festival of innovation and entrepreneurship
» Agri, skill development ministries sign MoU
» Silk sector witnessing steady growth: Minister
» Draft agriculture export policy up in public domain
SME Times News Bureau | 21 Apr, 2017
Japanese two-wheeler major Honda Motorcycle and Scooter India (HMSI) plans to invest Rs 1,600 crore in 2017-18 for expanding capacity and developing new products, the company has announced.

"The Indian market is going to change when the auto industry will migrate to BS-VI," HMSI's new President and Chief Executive Minoru Kato told reporters here on Thursday.

"The future is challenging but exciting. We are investing in an additional assembly line at our plant in Karnataka and by July 2017 our total capacity will go up to 6.4 million units a year. In 2017-18 our total investment will be Rs 1,600 crore," he said.

HMSI, which sold five million units in 2016-17 -- the most by a Honda subsidiary worldwide -- has set a target to sell six million units this year.

Till the last fiscal, the company had made a cumulative investment of Rs 7,800 crore and set up factories at four locations in the country -- Manesar (Haryana), Tapukara (Rajasthan), Narsapura (Karnataka) and Vithalapur (Gujarat).

Kato also said Honda plans to make India an export hub after BS-VI migration.

"After 2020, after the application of BS-VI, our products in India will be ready to export everywhere. That will make India an export hub. We expect India also to be the next export hub," he said.

The company plans to introduce four new models this year -- two scooters and two motorcycles. HMSI also started the trial assembly of its biggest 1,000 cc superbike the Africa Twin in India, it announced.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 20 Mar, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(22)
» Another MSME portal: will it serve its purpose(5)
» Collateral free loans available for MSMEs: Minister(2)
» Govt forms committee to study FinTech, financial inclusion of MSMEs(2)
» Budget boost to MSMEs(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter