Honda to invest Rs 400 cr by 2010
HMSI will invest Rs 400 crore in India by 2010 to double its production capacity of motorcycles and scooters to two million units.india Updated: Mar 09, 2006 12:14 IST
Honda Motorcycle and Scooter India Ltd (HMSI) will invest Rs 400 crore in India by 2010 to double its production capacity of motorcycles and scooters to two million units.
HMSI President and CEO Y Aoshima told reporters that the company's production will touch nine lakh units next fiscal.
"We will take it (production capacity) up to two million units by 2010 for which we will invest Rs 400 crore," he said.
Yaoshima said HMSI will launch new products in Indian markets in both motorcycle and scooter segment.
The company launched a 125 cc bike in the Indian markets called 'Shine' and the two variants are priced at Rs 45,120 and Rs 47,065 in Delhi.
The sale of the bike would start in April this year.
"We plan to sell 1,70,000 units of the 'Shine' this fiscal 2006-07," a senior company official said after the unveiling.