Honda to increase output capacity by 30% in India
The Japanese company will build a fourth plant, likely to be in the western state of Gujarat
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The Japanese company will build a fourth plant, likely to be in the western state of Gujarat
)
Honda Motor Co Ltd plans to increase its motorcycle production capacity in India by 30% by 2016, aiming to catch up with market leader and former joint venture partner Hero MotoCorp Ltd , the Nikkei reported.
The Japanese company will build a fourth plant, likely to be in the western state of Gujarat, at a cost of about 20 billion yen, the business daily said.
Honda's output capacity in India will rise by 1.2 million to 5.8 million units once the plant starts producing, the Nikkei said. Honda will hire 3,000 workers, it added.
First Published: Sep 04 2013 | 5:37 AM IST