Honda Cars India Limited to invest Rs 380 crore in its Tapukara plant
Honda cars India limited (HCIL) is set to expand its production capacity at its Tapukara plant in Alwar, Rajasthan. The company will invest Rs 380 crore that will help boost its total production capacity to 1.8 lakh units per annum. That's 60,000 units more than the current capacity of 1.2 lakh units. The Tapukara plant began operations in February 2014.
The company says that the fresh production capacity will be ready by 2016 and will augment Honda's total production capacity in the country to 3 lakh units annually.
Honda says that India has emerged as an important market that is poised for future growth. Honda just launched the updated Amaze and Brio that sells alongside the City and Mobilio and CR-V. The company is set to launch the new Jazz in India soon.
Honda Cars India announces Rs. 380 crore investment to expand production capacity at Rajasthan plant
|Mumbai, March 27, 2015 Honda Cars India Limited (HCIL), leading manufacturer of premium cars in India, today announced that it will invest Rs. 380 crore in its Tapukara plant in Distt. Alwar, Rajasthan to expand the annual production capacity of the plant from the current 1,20,000 units/ annum to 1,80,000 units/ annum. The additional capacity is scheduled to be ready by middle of 2016. This capacity expansion will generate a fresh employment of about 600 people in Tapukara plant. This expansion of the 2nd plant will increase HCIL's overall annual production capacity from the current 240,000 units to 300,000 units including the 120,000-unit capacity of the 1st plant in Greater Noida. HCIL is currently the fastest growing automobile company in India and has witnessed 44% growth in its domestic sales during April 2014 Feb 2015 with 166,366 units as against 115,913 units in the corresponding period in FY 2013 -14. Honda has been introducing all-new models such as Amaze, 4th Generation City and Mobilio in India and maintaining strong sales. Driven by strong sales momentum for its cars, India has emerged as a very important market for Honda and holds great potential for future growth as well. HCIL's 2nd car manufacturing plant, located in Tapukara started assembly operations in February 2014, with annual production capacity of 120,000 units. The plant integrates various functions including operations for forging, casting, stamping, powertrain components production, welding, painting, resin molding, engine assembly, and frame assembly as well as an engine testing facility. The plant employs high levels of automation and latest equipment to achieve optimization from the perspective of high product quality, ergonomics and the improvement of production efficiency and safety of each operation performed at the plant.|
Starts Rs 8.77 Lakhs
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