Honda Cars India Limited (HCIL), manufacturer of premium cars in India, on Friday announced that it will invest Rs. 380 crore in its Tapukara plant in Rajasthan. With the new investment the company intends to expand its annual production capacity of Tapukara plant from the current 1,20,000 units to 1,80,000 units per annum.
The additional capacity is scheduled to be ready by middle of 2016. This capacity expansion will generate a fresh employment of about 600 people in Tapukara plant, HCIL said in a press release.
“This expansion of the 2nd plant will increase HCIL’s overall annual production capacity from the current 240,000 units to 300,000 units including the 120,000-unit capacity of the 1st plant in Greater Noida,” the company said.
HCIL has witnessed a 44 per cent growth in its domestic sales during April 2014 – Feb 2015 with 166,366 units as against 115,913 units in the corresponding period last year.
HCIL’s car manufacturing plant in Tapukara started assembly operations in February 2014, with annual production capacity of 120,000 units. The plant integrates various functions including operations for forging, casting, stamping, powertrain components production, welding, painting, resin molding, engine assembly, and frame assembly as well as an engine testing facility.
