Honda Motorcycles to invest Rs 800 crore in FY19 for expansion

NEW DELHI: Honda Motorcycle & Scooter India (HMSI) Tuesday said it has earmarked Rs 800 crore as investment outlay in the current financial year.

The resources will be utilised to improve efficiencies across plants, bring in new products and upgrade to BS VI emission standards.

The company, which grew by 22% to sell 6.1 million two-wheelers last fiscal, is eyeing double-digit growth in FY19 as well. The company will launch one brand new model and 18 upgrades in the course of the year.


The company is working towards migrating to meet BS VI emission standards by April, 2020.

Minoru Kato, president and CEO, HMSI, said, “India is always the number one contributor to Honda’s two-wheeler business. Our record sales have set a solid foundation in 2017-18... Moving ahead with the same momentum on back of customer demand, we will invest close to Rs 800 crore as we aim for double-digit growth for the third consecutive year in a row as well.”