Honda to invest Rs 1,000 cr in products, assembly line

Honda will invest over Rs 1,000 crore in a new 0.6 million-unit assembly line and develop four new products to help it realise the 20 per cent sales growth target set for itself for fiscal 2018.

Speaking to reporters at his maiden media interaction, Minoru Kato, the newly-appointed president & chief executive at Honda Motorcycle & Scooter India (HMSI), said, “We will be opening the fourth assembly line at our Karnataka plant by July this year. This will be our 11th assembly line in the country.”

He added: “We will also launch four brand new models this financial year – two each scooters and bikes. For all these we have budgeted over Rs 1,000 crore in capex this year,”

“From the growth side, we have set a target of selling over 6 million units this fiscal year, having already crossed the 5-million milestone in fiscal 2017. To achieve this we have set a sales growth target of 20 per cent,” Kato said further.

Image Credit : static.dnaindia.com

Research Desk

Next Post

4 private airports need Rs 27k crore for expansion

Sat Apr 22 , 2017
A Crisil report said four major private airports in the country will require an investment of Rs 27,000 crore in expanding the existing capacity, which has reached near optimum level, by 2021. The four private airports — New Delhi, Mumbai, Hyderabad and Bengaluru — cater to nearly 55 per cent […]
4 private airports need Rs 27k crore for expansion

Categories

Blog Stats