Honda Cars India Ltd. (HCIL) recently revealed its plans to invest INR 2,500 crores in the Tapukara facility to build a new car assembly line for increased production. Along with the assembly line, the company also plans to set up a new line for the production of diesel engine components and a new forging unit. With all this, the company expects to double its annual capacity up to 2,40,000 units in the future. And also expects to generate more than 2,000 jobs when the production starts.
"We have plans to start the second plant in the ongoing fourth quarter of this fiscal. As a company offering a wide range of products and venturing into several new segments, we plan to expand the Brio platform from the new plant with its current and new derivatives line-up likely to be rolled out," said Yoshiyuki Matsumoto, Honda Motor's managing officer and representative of development, purchasing and production for Asia & Oceania.