Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 04 2018

Honda Motorcycle to expand production capacity; invest Rs 630 cr

The company will build a new production line at its Vithalapur Plant near Ahmedabad, which will be commissioned by 2020.

Honda Motorcycle & Scooter India (HMSI) will infuse fresh funds to the tune of Rs 630 crore to set up a new assembly line in its Gujarat plant for expanding its capacity by 0.6 million units per annum to seven million. 

The company will build a new production line at its Vithalapur Plant near Ahmedabad, which will be commissioned by 2020.

Currently operating four plants in India, HMSI opened the scooters-only Vithalapur plant in February 2016. The plant was started with a 0.6-million capacity, which was doubled to 1.2 million in June 2016. 

Minoru Kato, President & CEO of HMSI, said, "Over the years, Honda has been investing and expanding its capacity to enhance customer's joy in the largest 2Wheeler market of the world. The additional capacity at our 4th factory reinforces our commitment to serve our customers faster, who have reposed their trust in brand Honda."

Honda, the second largest two-wheeler maker in the country, set up its first plant at Manesar, Haryana, the second at Tapukara, Rajasthan, and the third at Narsapura, near Bengaluru.

Comment
Related opportunities
  • Preschools
    About Us: Started in Ahmedabad,9 kids, an initiative of the  H.B...
    Locations looking for expansion Gujarat
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 4300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Quick Service Restaurants
    About Us:   The Chef's Bowl, a venture of the RP -..
    Locations looking for expansion West bengal
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Saltlake West bengal
  • Lingerie & Innerwear
    About Us: Trylo Inner Luxury - the name says it all...
    Locations looking for expansion Gujarat
    Establishment year 1992
    Franchising Launch Date 2014
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Surendranagar Gujarat
  • Casual dine Restaurants
    About Us: Started in 2017, Runway1 is a unique Theme based..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 13500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities