Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) today inaugurated its fourth manufacturing plant at Vithalapur (Mandal taluk, Ahmedabad district, Gujarat) in India.
The total investment of INR 1,100 crore has been made to kickstart production at the fourth plant which will have an annual capacity of 12 lakh units a year. While 6 lakh cars can be rolled out from today, the second assembly line will start functiong by mid-2016, making it 12 lakh units a year. The company’s press release said, Honda’s 22 suppliers invest additional INR 1,100 crore as they set up ancillary plants in Gujarat while adding 3,000 direct jobs and 6,000 indirect jobs in the region. With this plant, Honda’s total 2Wheeler production capacity in India will increase by 26% to 58 lac units by 2016 end.
Mr. Shinji Aoyama, Operating Officer and Director, Chief Operating Officer, Motorcycle Operations, Honda Motor Co., Ltd. said, “India plays a key role for Honda’s 2wheeler business. In 2015 Honda’s global sales of all products was 28 million units out of which global 2wheeler sales stood at 17 million units. Today, 25% of the total Honda two-wheelers sold across the world come from India. We will continue to invest in technology, for the Indian market. Through training and cross market collaborations, we want to make India Honda’s technology hub as well. Driven by the visionary growth-centric outlook of the Government, there is an increased focus on investing in roads and infrastructure. These factors imply that the best days for the scooter market in India, are yet to come!”
Read more: Honda's 4th 2-wheeler manufacturing plant in Gujarat to create 9,000 jobs - Indian Cars Bikes