Japanese auto major Honda aims to become the leading two-wheeler maker in India by 2020 and claimed that its Indian unit has become the company’s biggest two-wheeler production hub.
After commissioning its fourth assembly line at the Narsapura plant on Bangalore’s outskirts, Honda Motor Company’s chief officer, regional operations (Asia & Oceania) Shinji Aoyama said, “2020 could be a possible year for us to become number one,” reports Economic Times.
Currently, Honda’s Indian arm Honda Motorcycle & Scooter India (HMSI) enjoys second position, behind its erstwhile partner Hero MotoCorp. The two had partnered under the brand name Hero Honda for 26 years and parted ways in 2010.
In the last financial year, HMSI’s volumes rose 10.30% to 4.73 million units, 1.75 million units behind Hero MotoCorp, which reported largely flat sales at 6.48 million units, the daily added.
HMSI witnessed a sharp rise in sales in the months of April and May this year with the company selling over 500,000 two-wheelers per month.
With the commissioning of the new assembly line, Narsapura plant has also become Honda’s single biggest manufacturing plant with an overall annual capacity of 2.4 million units. HMSI also has manufacturing plants at Manesar in Haryana, Tapukara in Rajasthan and Vithalpur in Gujarat.
HMSI now has an overall annual production capacity of 6.4 million units and it has overtaken Honda’s Indonesian arm which manufactures 5.8 million units per annum.