 "Honda announces new motorcycle factory in Gujarat, to produce 1.2 mn vehicles annually")
Tokyo: Honda Motor Co said on Wednesday it would build a fourth motorcycle factory in India with initial investment of roughly 11 billion rupees and annual output capacity of 1.2 million vehicles.
The factory, to be located in the state of Gujarat, is due to start production in the latter half of the business year ending in March 2016, the world’s biggest motorcycle maker said in a statement.
[caption id=“attachment_74672” align=“alignleft” width=“380”]
The factory will cater to the demand for two wheelers. Reuters[/caption]
About 3,000 new jobs will be created at the plant, which will mainly manufacture scooters, demand of which has surged in the world’s biggest two-wheeler market.
Last month, Honda expanded production capacity at its third motorcycle factory in India by 600,000 vehicles a year. The fourth plant will bring Honda’s total capacity in India to 5.8 million motorcycles a year, the company said.
Reuters