 "Honda two-wheelers to invest Rs 1,600 cr this year")
Honda Motorcycle and Scooter India plans to invest around Rs 1,600 crore in 2017-18, the bulk for capacity expansion in Karnataka, and for launch of new products.
After inaugurating a zonal office in Coimbatore, Minoru Kato, president and chief executive officer, said this would be a challenging year.
He said 'Mission 2020' was to make the Indian operations one of their hubs for export. China, Thailand and Vietnam are such hubs at present.
The India operation is already a big contributor to Honda's global two-wheeler business. This year, the aim is output of six million units, a 20 per cent
