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Honda to invest Rs 1,000 cr in new 0.6 m assembly line, products

Minoru Kato said HMSI contributes 30 per cent of the volumes for Honda globally

Press Trust of India  |  Mumbai 

The second largest two-wheeler maker Honda on Thursday said it will invest over Rs 1,000 crore in a new 0.6 million-unit assembly line and develop four new products to help it realise the 20 per cent sales growth target set for itself for fiscal 2018. "We will be opening the fourth assembly line at our Karnataka plant by July this year. This will be our 11th assembly line in the country. We will also launch four brand new models this financial year - two each scooters and bikes. For all these we have budgeted over Rs 1,000 crore in capex this year," Minoru Kato, the ...

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First Published: Thu, April 20 2017. 22:06 IST