Jun 8 2017 | India Opportunities
HMSI to invest Rs 16000 crore in the current fiscal
Honda Motorcycle and Scooter India (HMSI) has
sold 5,37,035 units in May 2017 registering 23 per cent y-o-y growth. The company is making sizable investment to undertake capacity expansion in the state of Karnataka, and for launch of new products. The investment of around Rs 1,600 crore is targeted for current fiscal. An additional capacity of 6 lakh units per year is targeted at its Bengaluru facility raising its overall output to 6.4 million units.