Japanese auto giant Honda today said it will invest Rs 2,500 crore in India by 2014 to enhance its manufacturing activities and will launch five vehicles in the next two-three years to strengthen its position here.
As part of its plans, the wholly-owned subsidiary of the
company, Honda Cars India Ltd (HCIL), will set up a car assembly line, a
diesel engine component unit and a forging plant at its Tapukara
facility in Rajasthan.
To align with its growth strategy in India, Honda has mandated
its Managing Officer Yoshiyuki Matsumoto the additional responsibility
of 'Representative of Development, Purchasing and Production in Asia and
Oceania Region'. He will be based in India and will also be the
President and CEO of Honda Motor India.
"India is a strategic market for us and it is a strategic base for our local procuring business...to know more THE FINANCIAL EXPRESS
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