Starting operations from this June, Honda’s new plant shall have 12 lakh units production capacity in Phase I
Honda Motorcycle & Scooter India Pvt Ltd (HMSI), the second largest two-wheeler company in India inaugurated its most advanced and latest third two-wheeler production plant at Narsapura Area, District Kolar (Karnataka) today.
The new plant enables HMSI to more efficiently serve the vast scooter and motorcycle market of India together with the existing Manesar and Tapukara plants in northern India.
Spread across 96 acres, Honda’s third two-wheeler plant in Narsapura is situated at Narsapura Industrial Area, which is around 52km from Bangalore. The new plant employs approximately 4,500 associates and entails a total investment of Rs1,350 crore.
Starting operations from this June, Honda’s new plant shall have 12 lakh units production capacity in Phase I. Aiming at market leadership, Honda also announced additional increase of 6 lakh units capacity in Phase 2 of this plant taking its annual capacity to 18 lakh units by end of this fiscal year. With its three plants, Honda will significantly increase its cumulative annual production capacity by 64% in just one fiscal.
Speaking on the occasion Yoshiyuki Matsumoto managing officer, Honda Motor Co and representative of development, purchasing & manufacturing, Asia Oceania Region said, “In the current fiscal year 2014, Honda’s global two-wheeler sales growth is expected to increase more than the previous years and headed to new heights by its operations in India. There is no doubt that India is one of the most important markets for Honda’s overall business. Today we establish a new milestone with the inauguration of our 3rd manufacturing facility in India in the state of Karnataka. Out of the total 4500 new positions at this facility, nearly 90% are being offered to the local youth.”
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