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06-28-2012, 09:39 AM #1
HMSI plans to invest Rs. 1,500 cr this yearHonda Motorcycle and Scooter India (HMSI) will be investing Rs. 1,500 crore this year alone in India under various heads. This would be the largest investment in a single year, according to Y.S. Guleria, Vice- President. In the last seven years, the total investment was only Rs.3,500 crore, he said.
Addressing presspersons on Wednesday, after launching the new bike ‘Dream Yuga’, in Chennai, Mr. Guleria said once the Bangalore plant with a capacity of 1.2 million two-wheelers went on stream next year, the total capacity would go up to 4 million units in India.
The company’s global brand slogan ‘The power of dreams’ recognised India as the centre of global two-wheeler business for the company, he said. With the launch of Dream Yuga, Honda had unleashed its first big step towards mobility in India. “Dream Yuga is a true India-specific mass motorcycle,” he said. Mr. Guleria said the company had already completed the launch of 7 new models planned for the current year. The company was setting up a Honda Technology Centre at its Manesar (Gurgaon) plant site. This would go operational by October, he said. The 110 cc mass volume bike is priced at Rs.47,561 (ex-showroom, Chennai). The motorcycle comes in three variants....being a human...