scorecardresearch
Follow Us:
Friday, January 21, 2022

Honda Motorcycle to invest Rs1.7K cr to increase productivity

HMSI will also start assembling high-end sports bike CBR 650F in India this fiscal.

By: ENS Economic Bureau | New Delhi |
May 7, 2015 2:27:37 am

Japanese auto major Honda Motor Company will invest Rs 1,775 crore to increase production capacity of two-wheelers and launch new models in India in the current financial year.

The company’s wholly- owned unit, Honda Motorcycle and Scooter India (HMSI) plans to introduce 15 new products this year in the market which is expected to emerge as number one for HMC globally over the next two years. Out of these 15 products, seven are brand new models.

[related-post]

HMSI will also start assembling high-end sports bike CBR 650F in India this fiscal. Initially, HMSI will assemble two bikes a day and sell them through exclusive outlets at 20 locations. Depending on market response, the company can consider assembling more superbikes in the Indian market.

Keita Muramatsu, president and CEO, HMSI, said, “In 2015-16 India will be second largest contributor to Honda’s global sales accounting for 25 per cent. Indonesia is number one, but the way Indian two-wheeler market is expected to grow, we may be able to be number one.”

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Business News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
Advertisement