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Honda to expand dealership network in 3 yrs; doubles capacity

Honda to expand dealership network in 3 yrs; doubles capacity
PTI
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First Published: Mon, Feb 25 2008. 12 57 PM IST
Updated: Mon, Feb 25 2008. 12 57 PM IST
Greater Noida:Preparing for its planned foray into the compact car segment in India, Japanese auto major Honda on Monday said it will be expanding dealership network across 90 cities in the country in the next three years.
The company will also expand its production capacity to 1,60,000 units by the end of next year.
“In preparation for Honda’s planned foray into the compact car segment, we are expanding our dealership network to 160 in 90 cities in the next three years,” said M Takedagawa, president and CEO, Honda Siel Cars India, at the inauguration of its new unit here.
The company currently has a network of 80 dealers in 51 cities and will be taking up the number to 100 in 2008-09.
HSCI’s facility here will have a capacity of 1,00,000 units, up form the current 50,000 units. It has invested Rs400 crore in the capacity expansion. With this investment, HSCI has invested a total of Rs1,620 crore since it started operations in India in 1997.
The company, which is currently constructing a second manufacturing facility in Rajasthan, expects to start production there with an initial capacity of 60,000 units.
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First Published: Mon, Feb 25 2008. 12 57 PM IST
More Topics: Honda | India | Japanese | dealer | M Takedagawa |