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Honda's India unit to invest $280 mln to boost two-wheeler production | Reuters

May 06, 2015    

NEW DELHI (Reuters) - The Indian arm of Japanese automaker Honda Motor Co plans to invest 17.75 billion rupees ($280 million) this financial year to bolster its two-wheeler operations, a top company official said on Wednesday.Honda Motorcycle & Scooter India (HMSI) will invest the money in expanding and upgrading its production capacity and launching new products to meet growing demand for two-wheelers, president and chief executive officer Keita Muramatsu said.Constrained by capacity, India's second-largest two-wheeler manufacturer expects sales growth to slow to 5 percent this financial ...

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