Financial Daily from THE HINDU group of publications Friday, May 19, 2006 |
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Corporate
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Outlook Honda Siel's capacity expansion plan Our Bureau
Announcing Honda's global plans and initiatives towards 2010, the Honda Motor Company Ltd President and CEO, Mr Takeo Fukui, said at a press conference in Tokyo today that the production capacity of HSCI's plant (at Greater Noida) would be increased to 100,000 units three years ahead of the original schedule. Honda will also consider further expansion to accommodate future growth in customer demand, he said. The success of City ZX, launched in November last year, and the planned launch of the Civic this year has necessitated this second expansion exercise. HSCI had increased its production capacity from 30,000 units to 50,000 units in December last year.
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