Honda Motorcycle mulls huge investment

9 January 2012: After exiting from its Indian joint venture Hero Honda, two-wheeler manufacturer Honda Motorcycle and Scooter India mulls an aggressive expansion plan for India which includes an additional investment of Rs 1,000 crore during 2012-13 and unveiled 7 new models to take on competition.

Besides, the company also announced a new India specific brand identity with a new slogan. The third plant would be coming up soon in Karnataka, he said at the 11th Auto Expo here. Currently, the company, a wholly-owned subsidiary Honda Motor Company of Japan, has a two-wheeler manufacturing plant at Manesar in Haryana and Tapukara in Rajasthan.

Source: Economic Times