Honda Siel Cars India Ltd is investing Rs 200 crore over the next two years to enhance its capacities and increasing the level of localisation in its current vehicle offerings in the domestic market. The company also has plans to expand its dealer network from the current level of 44 to around 50 by March 2004. The dealer network will further grow by around 6-7 during the next financial year, Honda Siel Cars’ president and CEO H. Yamada said. Yamada said, “we have no energy for new models, rather we will concentrate on the three new models launched over the past six months. We will launch more C segment cars only in 2004, but the focus now is on after-sales at this point of time.” The only new offering will be the Honda Accord V6, which will be launched next month, he added. The investments of Rs 200 crore will be primarily met through internal accruals and partially through borrowings. Success of new Honda City has further cemented the company’s growth expectations. The model generated sales of 2,244 cars since its launch on October 31, 2003.