Expansion On the way for Honda

www.indiauto.in, honda logo, hmsi logo
The 100 per cent subsidiary of the Japanese Honda Motor Corporation, the HMSI intends spending Rs 300 crore on expansion in the next three-year period. Honda has invested Rs 900 crore since its inception in 2001, will further invest around Rs 300 crore for expansion plans and to launch a new range of vehicles in the future, said a spokesperson.

Along with the launch of quite a few new models in the coming three years, the company is also planning to venture into the 100-CC motorcycle arena.

This amount  will also be spent on upgrading the capacity of the company's Manesar plant. At present, the capacity of the plant is 10 lakh units; and the company plans to improve the figures to 14 lakh over the next about eight months. The capacity will be further raised to 15 lakh units by the end of this financial year.

Related Images :
Looking for something else?


Post a Comment