Honda Says to Build 4th Motorcycle Plant in India for $175 Mln - The New Indian Express

Honda Says to Build 4th Motorcycle Plant in India for $175 Mln

Published: 05th February 2014 12:09 PM

Last Updated: 05th February 2014 12:09 PM

Honda Motor Co said on Wednesday it would build a fourth motorcycle factory in India with initial investment of roughly 11 billion Indian rupees ($175.7 million) and annual output capacity of 1.2 million vehicles.

The factory, to be located in the state of Gujarat, is due to start production in the latter half of the business year ending in March 2016, the world's biggest motorcycle maker said in a statement.

About 3,000 new jobs will be created at the plant, which will mainly manufacture scooters, demand of which has surged in the world's biggest two-wheeler market.

Last month, Honda expanded production capacity at its third motorcycle factory in India by 600,000 vehicles a year. The fourth plant will bring Honda's total capacity in India to 5.8 million motorcycles a year, the company said.

comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook