‘Plan to sell 15 lakh bikes’ | business | Hindustan Times
Today in New Delhi, India
Dec 19, 2017-Tuesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

‘Plan to sell 15 lakh bikes’

Labour issues remain one of the many concerns for Honda Motorcycle & Scooter India (HMSI). Shinji Aoyama, president & CEO for HMSI, told Hindustan Times that the company is bullish on India as a motorcycle market. Excerpts:

business Updated: Jan 10, 2010 21:33 IST
Vivek Sinha

Labour issues remain one of the many concerns for Honda Motorcycle & Scooter India (HMSI). Shinji Aoyama, president & CEO for HMSI, told Hindustan Times that the company is bullish on India as a motorcycle market. Excerpts:

On investment and growth plans
Plans are afoot to invest close to Rs 200 crore in the next financial year (2010-11), including R&D. We plan to sell 15 lakh bikes in 2010-11 at a growth rate of 20 per cent over 2009-10.

On new products
Launch of new bikes from our company will expand the already growing bike market in India. We will be targeting youngsters… 18-24 years. Opportunities for newer bikes like ours are immense.

On bigger bikes
The company does not have any plan to get into the segment towards manufacturing of 200 cc or 300 cc bikes.

On labour issues at HMSI's Manesar plant
India is a big country… there could be a few concerns, and labour is one. It is not an unusual occurrence but I do not think it to be usual either. Labour is one of the many issues that a big company like ours faces. The state government of Haryana is extending full cooperation. In the future we may not face any labour issues.

On new plants, and shifting from Manesar
It is too early to comment. We have not yet decided to set up a new manufacturing unit… no plans to shift manufacturing from Manesar. Depending on free area at Manesar we may plan another facility in other states.

On competition with the Hero Group
We have periodical meetings to discuss product line up. We have no intention to cannibalise each other’s market share.