Honda Motor Co Ltd To Open New India Two Wheeler Plant In June-WSJ

The Wall Street Journal reported that Honda Motor Co Ltd is set to open in June its third factory in the South Asian country that would result in a substantial expansion in production capacity. The factory at Narsapura in the southern state of Karnataka would start with a capacity of 1.2 million vehicles a year, Honda Motorcycle & Scooter India Pvt. Ltd. said in a statement. The 96 acre facility's capacity would be increased to 1.8 million vehicles by the end of the current financial year through March, it said. The new factory would boost Honda's annual production capacity by as much as 64% to 4.6 million vehicles a year. Honda currently has two factories at Manesar in the northern state of Haryana and at Tapukara in the northwestern Rajasthan state.