Honda Motors, the Japan based world’s leading two-wheeler maker, has said that it will set-up third plant in the Indian market. The new plant will go operational in coming two year. The plant will be having a capacity of 1.2 million units. The company will be investing Rs 1,000 crore in the Narsapuram plant in Karnataka that will take the total capacity of the company to 4 million units per annum by year 2013.
In a statement given on Thursday, HMSI vice president (sales and marketing) NK Rattan said, "We expect the third plant to become operational in the first half of 2013; it will help us become a major player in the Indian two-wheeler market."
At present, Honda Motorcycle and Scooter India (HMSI) manufactures a total of 1.6 lakh units a year in the country, acquiring a 14 percent market share in the Indian market.
While elaborating company’s strategy in the Indian market, HMSI president and CEO Keita Muramatsu said, As world's number one we have to be a front-runner in India. We are working on a well thought strategy for the Indian market to achieve that in next few years."
