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HMSI to invest Rs 1,000 crore in new 0.6 million unit assembly line

HMSI to invest Rs 1,000 crore in new 0.6 million unit assembly line

Thursday, April 20, 2017, 9:24 PM

The second largest two-wheeler maker Honda said it will invest over Rs.1,000 crore in a new 0.6 million-unit assembly line and develop four new products to help it realise the 20% sales growth target set for itself for fiscal 2018. HMSI grew 12% in fiscal-2017 despite the two shocks in the form of demonetisation and Supreme Court ban on selling BS-III models.
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