Honda Motorcycle and Scooter India to invest more in Indian market

Honda Motorcycle and Scooter India to invest more in Indian market

Honda Motorcycle and Scooter India has announced that they are planning to invest Rs 300 crore more in the coming years to expand their presence in the Indian market.

These additional funds would be used to boost their production in their existing plants.

A company representative added: “The company, which has invested Rs 900 crore since its inception in 2001, will further invest around Rs 300 crore for expansion plans and to launch a new range of vehicles in the future.”

Honda recently announced that they are exiting from the geared scooter market.

The company also launched a new updated edition of Activa scooter. Honda is also planning to launch a new 100cc bike in the coming months.