Our total production capacity will be 6.4mn units by FY17-18: Minoru Kato, Honda

 

Honda Motorcycle & Scooter India Ltd, the 100% subsidiary of Honda Motor Company Japan, recently launched its new age urban scooter ‘Grazia’ for the Indian market. Honda has four manufacturing locations in India spread across Haryana, Rajasthan, Karnataka and Gujarat and leads the scooter segment in India with sales of nearly 3 lakh units per month.

Newsbarons provides you the highlights of a media interaction where Minoru Kato, President & CEO, Honda Motorcycle & Scooter India stated “In the past 16 years, Honda two-wheelers India has grown exponentially from a humble 54,000 units in the first year to 3 lakh-plus scooter sales in a single month now.”

NB: What has been scooter segment growth for Honda in India?

Minoru Kato: In the past 16 years, Honda two-wheelers India has grown exponentially from a humble 54,000 units in the first year to 3 lakh-plus scooter sales in a single month now.

NB: What are the plans to increase production capacity?

Minoru Kato: We have invested in a new line at the Karnataka plant that will increase production by 0.6mn units. Our total production capacity will be 6.4mn units by FY17-18.

NB: How were the exports for FY16-17?

Minoru Kato: The exports grew by an overwhelming 42% to 2,83,163 units.

NB:What is Honda’s share in scooter market?

Minoru Kato: We have a 32% market share in the scooter segment in India.

NB:Brief us about the launch of new advanced urban scooter?

Minoru Kato: Further fuelling the momentum and growth of scooterization, Honda’s all new Grazia, has been styled to meet the aspirations of upwardly mobile young and urban India. Grazia comes in six attractive colours and is attractively priced. This is the next big step of Honda to lead the scooter segment from the front with innovation and advancement of its product portfolio.

 

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com
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