Japanese two-wheeler major Honda Motorcycle and Scooter India (HMSI), the second-biggest player in the domestic market, will invest Rs 8 billion to launch new products and improve efficiency at existing production facilities.
The company also plans to set up its fifth plant in the world�s biggest two-wheeler market.

Honda has four plants in India with a combined production capacity of 6.4 million units a year. The country happens to be the biggest market for the Japanese auto major and contributes one-third of its global volumes. HMSI is confident that the current production capacities will suffice till 2020. �But after 2020 we can add production capacity,� said Minoru Kato, president and chief executive officer, HSMI. �But it is still under consideration,� he added.

HMSI aims to become India�s largest top two-wheeler maker, ahead of former partner Hero.

�It is the responsibility of the global headquarter to allocate capacity...we would like to raise our hand (for more capacity),� he said.

HSMI expanded its India sales by over 22 per cent to 5.77 million units in 2017-18, higher than the industry growth of 15 per cent.

It produced a total of 6.1 million vehicles, of which 348,590 units were exported. Hero, the biggest player, sold 7.38 million units in the domestic market, growing at 14 per cent in 2017-18.

The company plans to launch a new model and upgrade 18 existing ones in 2018-19.

�India is always the number one contributor to Honda�s two-wheeler business... Moving ahead with the same momentum on the back of customer demand, we will invest close to Rs 8 billion as we aim for double-digit growth for the third consecutive year in a row as well,� Kato said.

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