Honda to invest Rs 9,200 crore, largest for India car biz - Feedback

Japanese car major Honda plans to pump in over Rs 9,200 crore, its largest investment for India, to set up a third factory for launching hybrid and electric vehicles, and driving in new models and upgrades.

The fresh investment will double the company’s financial commitment in India to over Rs 18,500 crore since it began operations in 1998. “India is one of the most critical markets for Honda globally, and we want to strengthen our operations here,” Honda Cars India president & CEO Gaku Nakanishi said. “The new investment — which we plan to make over the next decade — signals our commitment towards the growth potential in the Indian car market and underlying strength here”.

https://economictimes.indiatimes.com/industry/auto/cars-uvs/honda-to-invest-9-2k-cr-largest-for-india-car-biz/articleshow/66144828.cms

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