Honda Siel Cars India has reiterated its plans of
touching car production capacity of 1 lakh per year, by 2010.
The company currently has a production capacity
of 30,000 cars per year at its Greater Noida plant. A Rs.150 crore expansion
programme currently underway will take capacity to 50,000 units per year by
mid-November 2005. The overall investment outlay is an estimated Rs.650 crore.
Honda recently introduced Honda City ZX with four
variants. The company sells three basic models in India -- City,
Accord and CR-V.
Also See:
Honda to invest
Rs.650 crore by 2010 (21-Jul-05)