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Honda Motorcycle to launch four new models in FY18

LiveMint logoLiveMint 20-04-2017 Shally Seth

Mumbai: Honda Motorcycle and Scooter India Pvt. Ltd (HMSI) will launch four completely new models in 2017-18 as it plans to sell 6 million units during the year, company officials said. In 2016-17, the Indian arm of the Japanese auto maker sold 5 million units.

HMSI, which emerged as the biggest contributor to Honda’s global sales in 2016, is also planning to make India an export hub once the BS-VI emission norms take effect in 2020, officials told reporters in Mumbai. It has also formed a cross-functional team to lead the migration to BS-VI.

HMSI is planning to invest Rs1,000 crore this year to launch new products and enhance capacity. The company’s fourth Indian factory being built in Karnataka will commence production in July 2017, taking its annual capacity to 6.4 million units.

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