Honda Motorcycle to ramp up production

8220;Within this financial year we will upgrade all our models to BS-III emission norms compliant and for that we will invest over Rs 100 crore in our Research and Development Ramp;D activities,8221; HMSI President and CEO Shinji Aoyama said on the sidelines of SIAM annual convention in New Delhi.

Besides the upgraded models,HMSI would also roll out a 100 cc bike and few variants of existing models by March 2010,he added.

The company is targeting to sell one lakh units of its proposed 100 cc bike within the first year of its launch.

HMSI is also expanding its production capacity at its Manesar plant to 15 lakh units by the end of this year from 10.7 lakh units.

8220;We are expecting about 20 per cent growth in sales during this fiscal and for that we are ramping up our capacity. We will invest Rs 100 crore in our assembly lines and purchasing new machineries,8221; Aoyama said.