BUSINESS

Honda unveils Eterno

NEW DELHI APRIL 9. Honda Motorcycle and Scooter India Pvt. Ltd, (HMSI), the wholly owned subsidiary of Honda Motor Company of Japan, today unveiled its new 150cc four stroke geared scooter, Eterno, and announced plans to increase the company's production to six lakh units next year from two lakh units at present.

Mr. Haruo Takiguchi, President and CEO, HMSI, said Eterno would be available in the market by the end of next month. He declined to disclose the price of the product, but said the target was for selling one lakh units in the first year. Though the full size scooter market in India was losing its volumes to motorcycles, the company was confident that Eterno would do well, he said.

"We take this as a challenge and opportunity,'' he said. Eterno, the first Honda vehicle with a side-mounted engine, will reactivate the declining scooter segment, he said.

— UNI