Honda Cars India to empower INR 600 crore

In a trial to boost the manufacturing in the countrywith an objective to intensify the production up to 3 lakh units a year, this indeed is a commendable step initiated by brand Honda. Honda Cars India is preparing to invest a sum of INR 500-600 Cr.during the current fiscal in order to enhance the production volume in India, asper the reports on Business Standard. The venture would also enable its Greater Noida R&D facility fetching a full-fledged unit. Honda’s investment in its Tapukara plant would observe a manufacturing evolution by at least 50 percent. The investment would amplify the facility’s making ability in its Tapukara plant by 50 percent, captivating it from 1,20,000 units a year to 1,80,000 units a year. The company’s additional units in Greater Noida carries the ability to manufacture a total of 1,20,000 units a year. With an ability of 2,40,000 units per year at the moment, the company sold 1,89,062 units in the previous financial year. With this new investment plan of the company, the overall production would be enhanced and increased upto 3,00,000 units.

The approaching Honda BR-V, is being reported, the grand offering, enters fabrication in the month of April 2016 for the domestic market in India. To pay off on the requirement side, the company would invest on opening additional dealerships, eye-catching its tally to 300 by the end of this financial year. At present, it has 255 dealerships existence in 167 cities across the country. The press on the R&D face it would witness its essential R&D ability turn into a developed one that would aspire at better localization of resources and machinery. Exports of parts to other countries, counting Japan, are also on the company plans. Honda BR-V is going to be Honda’s next launch for the country that is likely to make its way during April 2016 at Tapukara. As of now, the company has confirmed the new arrival of the next gen Honda Accord that would be on roads reaching customers during the current financial year