Honda to invest 300 cr in 3 years

Thursday, April 16, 2009

Honda Motorcycle and Scooter India, (HMSI) proposed to invest Rs 300 crore as part of its expansion plans in India over the next three years. The investment would also include upgradation of the plant capacity in Manesar, HMSI General Manager-Operating Head (Sales and Marketing) Naresh Kumar Rattan said.

HMSI plans to launch a new range of vehicles in the future. The plant currently has a capacity of around 10 lakh units, which would be increased to 14 lakh in six to eight months. The company also planned to enter the 100 CC motorcycle category this year and to launch various models in three years.