Honda Announces Rs. 380 Crore Investment To Expand Production Capacity
Honda Cars India Limited (HCIL), the Indian subsidiary
of the global brand, has announced an investment decision of Rs. 380 Crore for
its Tapukara plant in District Alwar, Rajasthan. The result will be an expanded
annual capacity of 1,80,000 units over the current 1,20,000.
Expected to be ready by 2016, this capacity expansion plan is a result of the excellent sales charts of the company in the current financial year, showing a growth of 44% over the previous year. Targeting a total capacity of 3,00,000 units/annum including the 120,000-unit capacity of the 1st plant in Greater Noida, HCIL will be able to cater to the growing demand more efficiently. Moreover, the expansion will generate a fresh employment of about 600 people in the Tapukara plant. HCIL is currently the fastest growing automobile company in India, thanks to the models like Amaze, 4th Generation City and Mobilio which have been maintaining strong sales for the company. The current domestic sales stand at 166,366 units with the financial year yet to end. These figures show that India has emerged as a very important market for Honda over time and holds great potential for future growth.
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about the Plant
The plant, being HCIL’s 2nd in India, started
assembly operations in February 2014 and integrates various functions including
operations for forging, casting, stamping, powertrain components production,
welding, painting, resin molding, engine assembly, and frame assembly as well
as an engine testing facility. It also employs high levels of automation and
latest equipment to achieve optimization from the perspective of high product
quality, ergonomics and the improvement of production efficiency and safety of
each operation performed at the plant. The product range as of now consists of
the Brio, Amaze, Mobilio, City and CR-V with the new Jazz to be launched soon
and with 227 showrooms across 148 cities in India, Honda has developed a strong
sales network to compete with the likes of Maruti Suzuki and Hyundai.
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