Since 2011, the company has grown from one to three plants currently, and the Gujarat plant, that will come up near Ahmedabad, will have an annual capacity of 1.2 million units. Once the Gujarat plant is up and running by 2015, we will have a total capacity of 5.8 million units annually, Guleria added.
The new plant is being set up with an investment of R1,100 crore. With the existing three plants covering north and south India, HMSI wanted to reach closer to the market in the west, he said.
Takanobu Ito, president, CEO & representative director, Honda Motor Company, Japan, announced that HMSI sales volumes have already reached second position for Hondas two-wheeler business worldwide. We believe India may soon be the top market for Honda, Ito said. HMSI is hopeful of closing this financial year with total sales of 3.75 million.
The company also showcased nine products for the Indian market, which include the new Activa 125 and the new CBR 650F. The latter would be made in India by 2015-16 and would be HMSIs first superbike to be made in India.
Keita Muramatsu, president & CEO, HMSI, said, ...we are moving ahead on full throttle. Our new product line-up will include the all-new Activa 125 and soon-to-be-launched CBR 650F, which is Hondas largest displacement motorcycle for India that is made in India.
VW plans engine plant in India, to invest R2,000 cr
Volkswagen plans to announce investment on an engine plant in India in the next few months that will also cater to group brands Audi and Skoda. In all, the Volkswagen Group will invest R2,000 crore over the next 5-6 years. India president & MD Mahesh Kodumudi said the company is on a consolidation phase in India at the moment, and new products like a compact SUV are only expected to be launched starting 2016. fe Bureau