HMSI revs up growth strategy
Profitability propels Honda Motorcycle and Scooter India to put in place its expansion plans.
A company spokesperson said, “We are gearing up to transform into a full line-up company and serve all kinds of customer needs. Improving the product portfolio is our first priority. By the end of this financial year, HMSI will enter the 100cc class and launch newer models.”
HMSI plans to increase production capacity at its Manesar facility to 1.5 million in the current fiscal year from 1.2 million units. The company is anticipating annual sales of 1.25 million units in 2009-10, up from 1.07 million in the previous year. The spokesperson adds, “So far, we have invested more than Rs 900 crore and we expect to invest another Rs 300 crore for capacity expansion and new model introduction in the next three years.”
HMSI is also looking to increase its dealer network. The two-wheeler player has at present 664 outlets which include 339 dealers and 325 branches/sub-dealers. This will be expanded further to 770 outlets in 2009-10.
For Honda, India is the fifth largest overseas two-wheeler market after Indonesia, Brazil, Vietnam and Thailand, in terms of units sold. At present it sells both scooters and motorcycles including the Unicorn, CBF Stunner, Shine, Activa, Aviator and the Dio.
RELATED ARTICLES
Skoda India makes six airbags standard fitment in Kushaq and Slavia
The introduction of six airbags as standard across the Kushaq SUV and Slavia sedan range furthers the safety quotient in...
Ampere Vehicles to launch new Nexus electric scooter on April 30
The all-new Nexus will be Ampere Vehicles’ flagship scooter. Key highlights include four riding modes, an LFP battery, a...
Uniproducts India targets 15% growth till FY2027, eyes new EV OEMs for NVH parts
The Noida-headquartered company, which is a leading manufacturer of roof liners, floor carpets, sound insulation materia...