Another boost to Make in India, Honda launches 4th plant in Gujarat
Advertisement
PM Narendra Modi’s ‘Make in India ’ initiative is gaining steam as Honda Motorcycle & Scooter India inaugurated its fourth manufacturing plant in Gujarat.
The Honda’s latest green factory is spread over 250 acres and will operate under two phases and will manufacture 1.2 million automatic scooters annually.
The new plant is environment friendly as it is technologically advanced and more than one-third of the total plant area is a dedicated green zone.
Noriaki Abe, Operating Officer, Chief Operating Officer - Asia and Oceania Regional Operations, Honda Motor Co., Ltd. said, “In case of two-wheelers, India is the fastest growing economy in the world and is one of the most important and fast growing markets for Honda. We are inaugurating our 4th factory in Gujarat. This will make India to attain No. 1 position in all ASEAN countries.”
With an investment of around Rs 60 million in and around Vithalapur, Honda is also generating employment in the region.
In 2015, Honda’s global sales of all products was 28 million units out of which global 2wheeler sales stood at 17 million units.
“Today, 25% of the total Honda two-wheelers sold across the world come from India. We will continue to invest in technology, for the Indian market. Through training and cross market collaborations, we want to make India Honda’s technology hub as well,” said Shinji Aoyama, Operating Officer and Director, Chief Operating Officer, Motorcycle Operations, Honda Motor Co., Ltd.
Advertisement
The Honda’s latest green factory is spread over 250 acres and will operate under two phases and will manufacture 1.2 million automatic scooters annually.
The new plant is environment friendly as it is technologically advanced and more than one-third of the total plant area is a dedicated green zone.
Noriaki Abe, Operating Officer, Chief Operating Officer - Asia and Oceania Regional Operations, Honda Motor Co., Ltd. said, “In case of two-wheelers, India is the fastest growing economy in the world and is one of the most important and fast growing markets for Honda. We are inaugurating our 4th factory in Gujarat. This will make India to attain No. 1 position in all ASEAN countries.”
With an investment of around Rs 60 million in and around Vithalapur, Honda is also generating employment in the region.
Advertisement
“Today, 25% of the total Honda two-wheelers sold across the world come from India. We will continue to invest in technology, for the Indian market. Through training and cross market collaborations, we want to make India Honda’s technology hub as well,” said Shinji Aoyama, Operating Officer and Director, Chief Operating Officer, Motorcycle Operations, Honda Motor Co., Ltd.
Advertisement
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market