Third unit of HMSI to go on stream by Q1

April 02, 2013 07:35 pm | Updated November 16, 2021 11:05 pm IST - NEW DELHI

HMSI President and CEO Keita Muramatsu. File photo: Paul Noronha

HMSI President and CEO Keita Muramatsu. File photo: Paul Noronha

Honda Motorcycle & Scooter India (HMSI), on Tuesday, said it was eyeing a growth of 43 per cent in sales in the current fiscal to 39.3 lakh units, and would launch new products and increase production capacities to meet the target.

“In 2013-14, HMSI aims an overwhelming 43 per cent jump in its sales based on introduction of new products and rapid expansion in all fronts from production capacity to network and manpower,” HMSI President and CEO Keita Muramatsu said in a statement.

The company, which sold 27.54 lakh units in 2012-13, said its third plant in Karnataka was slated to start operation in the first quarter (April-June) of 2013-14, which would help it meet increasing customer demand.

Honda will also add 500 outlets and expand its network to 2,500 sales and service touch points by 2013-14-end, it said.

Last fiscal, the company reported a growth of 31 per cent, selling 27.54 lakh units as against 21.07 lakh units in the previous year.

The plant, which is coming up near Bangalore, will have an annual capacity of 12 lakh units. Once the plant becomes operational, HMSI’s overall capacity in India will touch 40 lakh units annually. It, at present, has two plants, one each in Harayana and Rajasthan.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.