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Honda Siel Cars India to set up unit in Rajasthan

Wednesday, 03 Apr 2013
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Honda Siel Cars India (HSCI) is planning to set up a facility at Tapukara village, Bhiwadi in Alwar district of Rajasthan.

 

The company will invest Rs 2,500 crore to set up a car assembly line, a diesel engine component unit and a forging plant at its Tapukara facility. The facility will come up over 437 acre with an installed capacity of 1.2 lakh cars annually and will be ready to roll out its first car in 2014. The Tapukara plant currently rolls out engine and transmission components such as cylinder heads and cylinder blocks.

 

The company will also launch five vehicles by 2016. The five models to be introduced include its diesel car Amaze, which will be launched soon. The upcoming sedan will be fitted with a new 1.5 litre diesel engine that the company has already showcased.

 

With the setting up of the new car assembly line at Tapukara, HCIL’s total installed capacity will go up to 2.4 lakh units annually. The company is aiming to increase global volumes to six million (60 lakh) units by FY17 and expects 50 per cent of it to come from emerging markets. The company at present sells around 35 lakh units annually.

 

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