Honda Motor India unit to invest Rs. 3 billion
Japanese Honda Motor's Indian subsidiary Honda Motorcycle & Scooter India Private Limited is likey tp invest Rs 3 billion in its plant over the next 3 years and launch two new models in calendar year 2008.
Mr Shinji Aoyama CEO of Honda Motorcycle India said that "The investment is for new models and for capacity expansion at the Manesar plant." He added that Honda India would launch a premium scooter during the Auto Expo in New Delhi in January 2008 and a motorcycle in the first half of 2008.
Mr Aoyama said that Honda plans to launch a 100 cc motorbike within the next 36 months and will launch up to 5 new scooter and motorbike models in India. In 2007, Honda expects to sell 888,000 units, going up to 1 million in 2008. Honda sold 715,000 units in 2006. A decision on opening a second plant in India would be taken by 2009. He added that "In 2010, we will expand capacity to 1.2 million units and sell 1.2 million units. In 2011, if all goes well, maybe we will see further expansion. It takes 2 years to open a facility, so by 2009, we need to decide."
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