Honda will speed up its production of motorcycles and triple sales in India for 5 million units annually within five years. To offset the expected decline in its market share, Honda is planning to increase the production of its subsidiary Honda Motorcycle and Scooter India Pyt, which is currently about 1,55 million units annually.
The second indian factory of the company Will Begin its operations in the state of Rajasthan, in the second half of 2011, and will raise the Indian capacity of production to 2.2 million units around 2012. The company also plans to build a third factory in the state of Andhra Pradesh.
The Honda’s total investment to increase their Indian production it is estimated in about 10 billion indian rupees, or around 2.3 billion sterling pounds. As a part of the expansion planning, they also wish to open new selling stores in regional cities and rural districts.
04/24/13 - New Delhi: The improvement in performance of agriculture and manufacturing sectors is expected to boost the economic growth rate to 6.4 per cent in 2013-14 from 5 per cent during 2012-13, according to Prime Minister’s Economic Advisory Panel. “Economy will grow at higher rate from now. We projected growth [...]
04/10/13 - The indian government wants to extend the agreement with Mercosul tariff preferences with the goal of increasing bilateral trade to $ 25 billion by 2015. This information comes from India’s Commerce Minister Anand Sharma, who yesterday (8) in Geneva revealed that his government is considering submitting a new proposal to Mercosur partners for the meeting [...]» More events
05/23/13 - Hyderabad: The Rajiv Gandhi International Airport in Hyderabad is set to offer ‘visa on arrival’ facility, following an approval from the Centre. International passengers travelling through the airport can now have a more convenient transit with this new offering. Visitors from 11 countries will be eligible to get a visa on arrival with effect from [...]» More news