Honda Motorcycle and Scooter India (HMSI) stated that the company will invest Rs 300 crore in next three years. According to HMSI General Manager-Operating Head (Sales and Marketing) Naresh Kumar Rattan, this investment is a part of its expansion plans in India that will not only include better market presence but also upgradation of the plant capacity in Manesar.
"The company, which has invested Rs 900 crore since its inception in 2001, will further invest around Rs 300 crore for expansion plans and launch a new range of vehicles in the future," he said on the sidelines of the launch of Honda's upgraded scooter 'Activa'.
“Honda has a strong vision for Indian market and will look for opportunities in these challenging times. We will invest Rs 300 Crore in the next three years for launching new products and expanding capacities of our plant,” said Honda Motorcycle & Scooter India (HMSI) President and CEO, Mr. Shinji Aoyama.
Honda has launched CBR 1000 RR and CB1000R about a fortnight ago priced between Rs. 1.5 lakhs and Rs. 9.5 lakhs respectively. Honda has already invested nearly Rs. 900 crores and has its production facility at Manesar. It now intends to launch a 100cc bike to target the mass market.