Honda Motorcycle to invest Rs 8 billion, plans to set up fifth plant

Japanese two-wheeler major Honda Motorcycle and Scooter India (HMSI), the second-biggest player in the domestic market, will invest Rs 8 billion to launch new products and improve efficiency at existing production facilities.

The company also plans to set up its fifth plant in the world’s biggest two-wheeler market.

Honda has four plants in India with a combined production capacity of 6.4 million units a year. The country happens to be the biggest market for the Japanese auto major and contributes one-third of its global volumes. HMSI is confident that the current production capacities will suffice till 2020. “But after 2020