JOIN USTwo-wheeler major Honda Motorcycle and Scooter India on Friday said it will invest around Rs.5.8 billion on expanding the capacity of its Karnataka plant.
In a statement, the company said it would invest around Rs.5.8 billion at its Narsapura plant in Karnataka to increase the capacity to 2.4 million units before the end of 2016 from the current 1.8 million units.
Taking into account the company's upcoming 1.2 million unit's fourth plant at Gujarat, Honda Motorcycle's total capacity would go up to 6.4 million units during 2016-17.
"Honda is strengthening its 'Make in India' resolve through steady and strategic investments with a long term objective of creating 39 percent additional capacity within 3.5 years. We are planning to increase the number of associates in the plant by approximately 1,900," Keita Muramatsu, president and CEO was quoted as saying in the statement.