Honda to speculate ₹920 crore to arrange fourth meeting line at it’s manufacturing unit in India -OxBig News Network

Honda prime executives and Gujarat Chief Minister Bhupendra Patel with the five hundred millionth Honda two-wheeler produced globally up to now since 1949.
| Photo Credit: Special association

Honda Motorcycle & Scooter India Private Limited (HMSI), Honda’s motorbike manufacturing and gross sales subsidiary in India, has introduced to construct a fourth manufacturing line at its fourth plant at Vithalapur within the Ahmedabad district of Gujarat, at an funding of ₹920 crore. 

“The new line slated for production in 2028 will have an annual production capacity of 6,50,000 units, bringing the total capacity of the fourth plant to 2.61 million units, making it Honda’s largest assembly plant for Honda motorcycles in the world,” the corporate stated.

The announcement was made on the event of Honda reaching the worldwide cumulative manufacturing milestone of 500 million two-wheelers from 1949 until right now. A grand perform was organised on the firm’s manufacturing unit in Gujarat to mark the occasion amidst the presence of prime Honda executives from Japan and India in addition to Gujarat Chief Minister Bhupendra Patel.

Tsutsumu Otani, HMSI president & CEO stated, ”Honda has lengthy been investing and increasing its manufacturing capability in India, the world’s largest motorbike market, to carry pleasure to its clients.”

“25 years on, with much support, HMSI has reached the milestone of 70 million units of cumulative production. With the additional investment in our fourth plant, Honda will continue to deliver attractive products and services to its customers around the world who have higher expectations and trust in the company, and further solidify its Indian motorcycle business,” he stated.

HMSI presently has 4 manufacturing crops in India with a complete annual manufacturing capability of 6.14 million items. In addition, the cumulative manufacturing quantity reached 70 million items in April of this yr, after 25 years since begin of manufacturing in 2001.

The fourth plant began operation in February 2016 with an annual manufacturing capability of 6,00,000 items, and in June of the identical yr, the corporate expanded its capability to 1.2 million items with the beginning of its second line. The third line began operation in January 2024, taking annual manufacturing capability to 1.96 million items.

The fourth line will carry 1,800 new jobs and improve the whole manufacturing capability of the fourth plant to 2.61 million items, making it certainly one of Honda’s largest meeting crops for bikes on the planet. The fourth line will producer 125 cc gentle bikes.

In addition to the fourth manufacturing line on the fourth plant, HMS’s complete annual manufacturing capability is predicted to extend from the present 6.14 million items to roughly seven million items by 2027 by additional enlargement. 

The firm’s crops are situated in Manesar in Haryana, Tapukara in Rajasthan, Narasapura in Karnataka and Fourth plant at Vithalapur in Gujarat.