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Fri, Jul 20, 2018 | Last Updated 4:55 am IST

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HMSI number 1 in two wheeler makers in 15 states

HMSI number 1 in two wheeler makers in 15 states
HMSI number 1 in two wheeler makers in 15 states
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New Delhi sources reported that the two-wheeler maker Honda Motorcycle and Scooter India (HMSI) is exploring options to construct a new manufacturing plant in India by 2020. Minoru Kato President and CEO, HMSI said “The Company is planning to set up a new plant in India and we are still under discussion with the Honda headquarters in Japan".

Meanwhile HMSI expects a double double-digit growth with current capacity of 6.4 million units from four plants. Moreover the two-wheeler maker already produced 6.1 million in FY18. Further this capacity could be a constraint. The maker of Activa will also work towards increasing capacity from the existing plant this year.

HMSI number 1 in two wheeler makers in 15 states

Accordingly the rural market contributed about 30% to the total domestic sales in FY17-18 and it sees the rural market to be stronger, the company confirmed. Furthermore the Japanese two-wheeler maker on Tuesday announced that it will be investing Rs 800 crore towards modernization of its plants and launching new products.

HMSI number 1 in two wheeler makers in 15 states
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