Buoyed by a robust growth in Indian market, two-wheeler maker Honda Motorcycle Scooter India (HMSI) is planning to set up a second manufacturing unit as it expects sales to cross the 1.2 million units per annum mark by March 2011.
This is the first time a state is asking for PAN card for two-wheelers
Honda Motorcycle and Scooter India (HMSI), Suzuki Motorcycle India (SMI) and Yamaha Motor India (YMI) are building motorcycles and scooters to suit the Indian market. The models will be manufactured at the company's research and development centres in Japan and will use new platforms.
The company also plans to introduce a 100 cc bike by the end of 2010. HMSI has a current market share of 11 per cent and is expecting to raise the figure to 15 per cent by 2010. Asked if the company has plans to phase out its scooter Eterno, Rattan said, "Though the sale of Eterno has come down, we do not have any plan to stop the production, rather we will revamp its sale with new strategies".
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
The Honda NAVI is completely customisable as per the customer's choice.
Honda Motorcycle and Scooter India Pvt Ltd, 100 per cent subsidiary of the Honda Motor Company, will launch its MotoGP edition motorcycle in the country next month, a top company official said.
The bike-maker will expand its capacity to 1.2 million from the current 9 lakh.
The Haryana government has facilitated an agreement between the agitating workers and the management of Honda Motorcycles and Scooters India Limited, Haryana Chief Minister Bhupinder Singh Hooda said late on Friday night.\n\n
Little response to Left parties strike call in Gurgaon
The workers were protesting against the suspension of 50 and the dismissal of four HMSI employees after a strike at the Honda plant in Manesar in Haryana.
Motorcycle production has been suspended at the Manesar plant of Honda Motorcycle and Scooter India, which is in the midst of a major labour unrest.
Vehicle sales across categories registered a decline of 8.62 per cent to 20,86,358 units from 22,83,262 units in May 2018.
The deputy commissioner and superintendent of police of Gurgaon were removed from their posts on Wednesday.
Japan on Tuesday said the labour unrest at Honda Motorcycles and Scooters India could impact foreign direct investment inflows into India, but ruled out its intervention in the matter.
The key beneficiary of this expansion in the motorcycle market happens to be Bajaj Auto.
The two-acre office complex under construction on the outskirts of Delhi will be home to about eight hundred company executives. Special care is being given to air purification and the building will be equipped with a three-stage air filter system.
Japan's Honda Motors on Wednesday unveiled its second bike -- 125-cc 'Shine' -- in the Indian market and said it will invest Rs 400 crore
The workers of Honda Motorcycle and Scooter India had enough reasons to cheer in the early hours of Saturday morning
Japanese auto giant Honda's two-wheeler unit in India has suffered losses to the tune of Rs 100 crore (Rs 1 billion) in the last one month due to labour unrest, which has led to police deployment at the facility and production being cut down by over
Honda Cars India approached the Gujarat government with a proposal to set up a car manufacturing plant in the state.
Japan's Honda Motor Co, the world's top motorcycle maker, said on Tuesday it will renew for 10 years a pact to supply technology to its Indian joint venture company Hero Honda when the current agreement expires in 2004.
Two-wheeler prices are likely to rise by 10-25 per cent on account of higher premiums on insurance and commodity prices, mandatory safety regulations and BS-VI emissions that kick in from April 1, 2020.
Analysts say Bajaj's move to correct prices can potentially disrupt the market.
A chunk of divestment till now has come from follow-on offerings in the Centre's two ETFs, Bharat-22 and CPSE. Now, there will be initial public offerings of Mazagon Docks, rail companies RVNL and IRFC and MSTC.
Out of nearly 30 public sector undertakings and assets under 'strategic sale' plan, only the ONGC-HPCL plan has been completed
Now, you can own a two-wheeler for Rs 18.5 per day
Though Hero still leads by a wide margin in annual and monthly sales, for the first time, Honda has considerably bridged the sales gap with the Pawan Munjal-led firm in April lagging only by 12,134 units
According to the data released by Society of Indian Automobile Manufacturers (SIAM), domestic car sales in October this year stood at 1,59,036 units as compared to 1,63,199 units in the same month of 2013.
Sales of commercial vehicles rose 8.59 per cent to 56,140 units in September, SIAM said.
Honda has invested Rs 3,526 crore in its Rajasthan unit.
Five companies get more volumes from scooters than motorcycles.
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