<p>Two-wheeler manufacturer Honda Motorcycle and Scooter India (HMSI) has earmarked an investment outlay of Rs 800 crore for 2018-19, as part of its expansion strategy.</p>.<p class="bodytext">"India is already the top contributor to Honda's global two-wheeler business. Our record sales have set a solid foundation in 2017-18, and Honda 2wheelers India will further consolidate its position in 2018-19, as we get ready to lead the biggest paradigm shift of 2020," HMSI President and Chief Executive Officer Minoru Kato said.</p>.<p class="bodytext">Moving ahead with the same momentum on the back of customer demand, the company wiill invest close to Rs 800 crore, as it aims for double-digit growth for the third consecutive year in a row as well, he said. </p>.<p class="bodytext">It must be noted that last year, Honda created a world record by becoming the only company in the world to add a million incremental sales in a single year.</p>.<p class="bodytext">In 2018-19, the company has revealed that it would launch one brand new model, while there are 18 upgrades of existing products in the pipeline.</p>.<p class="bodytext">The company, which is already the top contributor to parent Honda's global two-wheeler business, currently has four manufacturing plants in the country with an installed capacity of 64 lakh units per annum.</p>.<p class="bodytext">The company would also push its network expansion, with an aim to reach 6,000 touch-points with a key focus on the hinterlands. The Honda Best Deal pre-owned two-wheeler sales network will expand to 250 touch-points this year.</p>.<p class="CrossHead">New plant</p>.<p class="bodytext">Meanwhile, HMSI is also mulling its fifth manufacturing facility after 2020, to cater to expected spurt in demand for its products, although the location and timeline for the same are unclear.</p>.<p class="bodytext">Led by strong demand in both domestic sales and exports, Honda's sales apexed at 6,123,886 units, with 22% growth, last fiscal. </p>
<p>Two-wheeler manufacturer Honda Motorcycle and Scooter India (HMSI) has earmarked an investment outlay of Rs 800 crore for 2018-19, as part of its expansion strategy.</p>.<p class="bodytext">"India is already the top contributor to Honda's global two-wheeler business. Our record sales have set a solid foundation in 2017-18, and Honda 2wheelers India will further consolidate its position in 2018-19, as we get ready to lead the biggest paradigm shift of 2020," HMSI President and Chief Executive Officer Minoru Kato said.</p>.<p class="bodytext">Moving ahead with the same momentum on the back of customer demand, the company wiill invest close to Rs 800 crore, as it aims for double-digit growth for the third consecutive year in a row as well, he said. </p>.<p class="bodytext">It must be noted that last year, Honda created a world record by becoming the only company in the world to add a million incremental sales in a single year.</p>.<p class="bodytext">In 2018-19, the company has revealed that it would launch one brand new model, while there are 18 upgrades of existing products in the pipeline.</p>.<p class="bodytext">The company, which is already the top contributor to parent Honda's global two-wheeler business, currently has four manufacturing plants in the country with an installed capacity of 64 lakh units per annum.</p>.<p class="bodytext">The company would also push its network expansion, with an aim to reach 6,000 touch-points with a key focus on the hinterlands. The Honda Best Deal pre-owned two-wheeler sales network will expand to 250 touch-points this year.</p>.<p class="CrossHead">New plant</p>.<p class="bodytext">Meanwhile, HMSI is also mulling its fifth manufacturing facility after 2020, to cater to expected spurt in demand for its products, although the location and timeline for the same are unclear.</p>.<p class="bodytext">Led by strong demand in both domestic sales and exports, Honda's sales apexed at 6,123,886 units, with 22% growth, last fiscal. </p>
