NewsReaper

Auto major Honda is looking to almost double two-wheeler sales in India in the next 2-3 years through its wholly-owned arm, Honda Motorcycle & Scooter India (HMSI).

The company has also been rapidly adding capacity in India and is also believed to be lining up more bikes at the entry level, lower price band which has so far been the forte of Hero Honda Motors, its JV with the Hero Group.
HMSI officials confirmed that from sales of 12.7 lakh units (bikes and scooters) last fiscal, the company will be gearing up to sell about 22 lakh units in the “next 2-3 years. The way demand is growing, we have been adding three lakh units every year anyway.”

A second manufacturing plant with an annual capacity of six lakh units will be functional in the second half of 2011, giving a further boost to HMSI’s presence in the two-wheeler market. It has already launched CB Twister, a 110cc bike, which directly competes with Hero Honda’s products in the same segment.

Officials declined to divulge product plan for the next few years but maintained that 1-2 completely new products would be launched every year. HMSI’s expansion garners added significance because of speculation that Honda wants to opt out of the JV with Hero Group in India. It is clear that Honda’s game plan would be to storm the Indian two-wheeler market with its own products, straddling all segments of motorcycles and scooters, outside the world’s most successful joint venture


Source: WheelsUnplugged - India's Leading Automobile News Website |

sunilg

News approved.

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rakesh_zmr

Any of you guys heard the news about Honda Selling its stake in Hero Honda, seen it on the news does this mean the end of HH!

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helluvous

i wont be so buddy.. HH have developed its market for so long time..

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Hero Swing, 18 G.. 1999-2003
HH CBZ.. 2002-2007
HH Karizma R.. 2007-2009
Yamaha YZF R15.. 2009-Present
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People dun eat mah dust, itz settled before they get thr !!