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12.42 PM (Sat): Honda Motorcycle to invest Rs1000 in third plant

Mumbai, Sep, 29 (EPC News): Honda Motorcycle & Scooter India (HMSI), the two wheeler unit of Japan’s Honda Motor, is setting up its third plant with an investment of Rs1000 crore to meet rising demand.

A 350,000 square metres spread plant at Narsapur industrial area, 52 km away from Bangalore, will be operational by the first half of 2013.

The new plant will have the capacity to produce 1.2 million units a year and can employ around 3,000 people. HMSI’s current production through its plants in Haryana and Rajasthan are around 1.6 million and 1.2 million respectively.

India stands second in the world in motorcycle market after China. The overall sale of two wheelers in India in 2010 was 11.32 million units. HMSI holds a share of 10 % in the overall sale of two wheelers by selling 1.526 million units which is a 40% growth compared to its previous year.

EPC News Bureau

Posted by: epcworld | Posted on:10/1/2011 at 9:12 AM

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