The company, which currently has two manufacturing plants at Greater Noida and Tapukara, is also looking to start a second shift at the Tapukara facility.
"First step for us is to start the second shift at Tapukara which we have started planning and we shall be up and running with the second shift by November," Honda Cars India Ltd (HCIL) Senior Vice President (Marketing and Sales) Jnaneswar Sen told reporters on the sidelines of annual SIAM convention.
He, however, declined to provide further details.
The company's current installed manufacturing capacity stands at 2.4 lakh units across Greater Noida and Tapukara plants.
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Tapukara plant, which rolls out sedans Amaze and City, currently has a production capacity of 60,000 units on a single shift basis.
"The Tapukara plant is spread over 450 acres while the Greater Noida plant has an area of 150 acres, so we have a lot of scope to expand in Tapukara," Sen said.
While City has a waiting period of up to 3 months depending upon the variant, Amaze also has a waiting period of 2-3 weeks.
Asked about the new product launches, Sen said : "We are keen on new generation Accord and intend to launch it here in the next financial year".
The company also intends to launch new Jazz next year, he added.
Commenting on the upcoming festival season, Sen said the company expects the period to be better than the last year.