Honda’s 4th 2- wheeler manufacturing plant to create jobs 9,000 in Gujarat
The overall investment of INR 1,100 crore has made to kickstart production at its fourth plant which would likely have an annual capacity of 12 lakh units a year While 6 lakh autos could be rolled out from today; the 2nd assembly line will start functioning by mid-2016, making it 12 lakh units annually. The firm’s press release said, Honda’s 22 providers invest added INR 1,100 crore as they set up ancillary plants in Gujarat while adding 3,000 direct 6,000 indirect jobs in the area. With this particular plant, Honda’s complete 2-Wheeler output capacity in India will grow by 26% to 58 lac components by 2016 ending.
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Mr. Shinji Aoyama, Managing Officer and Director, Chief Operating Officer, Motorcycle Operations, Honda Motor Co., Ltd. said, “India plays a vital role for Honda’s 2wheeler business. In 2015, Honda’s worldwide sales of all products were 28 million components out of which international 2-wheeler sales stood at 17 million units. 25% of the complete Honda two- wheelers come from India. We’ll continue to put money into technology, for the Indian marketplace. Through training and cross-market cooperation, we should make India Honda’s technology hub too. Driven by the visionary increase-centric prognosis of the Authorities, there’s a heightened focus on investing in infrastructure and roads.
Elaborating on the trend of increasing demand for automatic scooters in Indian marketplace and how bringing a scooter only plant in India makes business sense for Honda, Mr. Keita Muramatsu – President & CEO, Honda Motorcycle & Scooter India Pvt. Ltd. said, “Improving Scooterization, a trend seen before in developed markets of the world, is the crucial driver for Indian 2Wheeler industry now.
Leading this change from the front is Honda 2Wheelers – the undisputed market leader in this section in India with a market-share of 56% and growing. Gujarat is an exceptionally productive marketplace for Honda. We’ve got a market share of 62% of the scooter segment here. Gujarat is a springboard to attain greater heights as well as an ideal home as we gear up to take up this challenge of meeting the customer demand. Now, the Honda automatic scooter you ride won’t only be “Made in India” but also “Made in Gujarat.”
