Honda Motor Co. is keen for its share of rapidly-growing markets like India and China to increase, its chairman said on Sunday, but Japan''s second biggest auto maker is not in a hurry to enter the new battleground for very cheap small cars in India.
Honda is spending up to 20 billion rupees ($491 million) on a second plant in Tapukara in Rajasthan, about 70 km from New Delhi. It will have an initial annual capacity of 60,000 units that will be scaled up to 200,000 units.
The plant, which will also make Honda''s small car for India, will roll out its first car in the last quarter of 2009. The facility will also house an R&D unit and a components plant.
The North American business is very important to us, but we like to add business coming from other markets like China, India, southeast Asia and Brazil, so we won''t be dependent on a single market, Satoshi Aoki said at a ground-breaking function.
Honda is also expanding capacity at its existing plant near New Delhi to 100,000 units and aims to make and sell more than 150,000 vehicles a year in India by the end of 2010.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment