Honda announces Rs 2500 crore investment at Rajasthan plant
Following on the excitement of the impeding launch of it's first diesel sedan in India, Honda has announced that it will invest Rs 2500 crore in it's Tapukara plant in Rajasthan. The investment will support Honda's ambition of building a new assembly line for its cars with an annual capacity of 1.2 lakh units, a forging plant and most importantly a diesel engine component production line. The new assembly line will also cater to the export markets.
Announcing the investment, Yoshiyuki Matsumoto, managing officer, Honda Motor Company, Japan said, "India is a key market for us and over the next three years, HCIL will launch five important models including the Amaze. To expand our business in the country, we are starting our preparations to create new capacity and are investing a total of Rs2500 crore towards setting up of a new assembly line for cars, a new diesel engine component production line and a forging plant at Tapukara in Rajasthan. The Rajasthan plant will have an installed capacity of 120,000 cars per year and will be ready to roll out its first car next year."