Honda Cars India announces Rs 2500 crore investment at Rajasthan

Honda Cars India announces Rs 2500 crore investment at Rajasthan plant to start
a new phase of growth in the Indian market 
- Addition of Honda's new assembly line in Tapukara plant to increase company's
Total Installed Annual Production capacity in India to 2,40,000 units in 2014
- Showcased 1.5L i-DTEC diesel engine; specifically developed for Indian market 
Mumbai, Apr 3, 2013 - (JCN Newswire) -  Honda Cars India Limited (HCIL),
leading manufacturer of premium cars in India, today announced a new phase of
growth for the company’s business in the Indian car market. Building on its
vision for the Indian market, HCIL announced an investment of Rs 2500 crore in
its Tapukara plant in Distt. Alwar, Rajasthan to build a new assembly line for
cars with an annual installed capacity of 1,20,000 units, a new diesel engine
component production line and a Forging plant. 
Honda Cars India Ltd.zoom 
With the objective of strengthening and providing products which exceed
diverse customer expectation with more speed, Honda changed its global
organization structure from 1st April 2013 and has appointed Yoshiyuki
Matsumoto, Managing Officer, Honda Motor Company as “Representative of
Development, Purchasing and Production in Asia & Oceania Region” who will
be based in India to control all Asia & Oceania Region. 
The company also showcased its revolutionary 1.5L i-DTEC diesel engine, the
first Indian application of Honda’s next generation Earth Dreams Technology,
which will change the face of diesel capabilities available in India. The
i-DTEC technology will debut in the soon-to-be-launched Honda Amaze and will be
adopted sequentially in new models being introduced. The all new 1.5L i-DTEC
diesel engine, specifically developed for the Indian market, will create a new
benchmark with the lightest body (among engines with similar torque
configuration), top of class acceleration of 100PS in its segment and industry
leading fuel efficiency of 25.8 km/l on Amaze. 
Located in HCIL's Tapukara plant in Distt. Alwar, Rajasthan, about 75 km
from Delhi, the new assembly line and forging plant is scheduled to be ready
within 2014 and is expected to generate fresh employment of 2200 people at the
start of production. Combined with the capacity of the new plant, HCIL’s total
installed production capacity will be increased to 240,000 units/ annum in
2014. 
The new diesel engine component production line with a manpower of 265
employees has just begun the mass production of the critical engine components
for the i-DTEC engine manufacturing the cylinder head, cylinder block,
crankshaft, connecting rod, clutch case and transmission assembly which are
supplied to Greater Noida plant where Amaze is being manufactured.  In addition
to fulfilling domestic market needs, it will also export transmission parts to
the European market. 
Speaking on the occasion Hironori Kanayama, President & CEO, Honda Cars
India Ltd., said “We are now set to expand our business in the country by
entering the diesel segment with the all new Amaze scheduled to be launched on
April 11.  With addition of diesel power, the universe in which we operate will
increase to around 50% of the total passenger vehicle market over the next few
years. We have opened the bookings for the Honda Amaze from 1st April 2013.” 
Announcing the investment, Yoshiyuki Matsumoto, Managing Officer, Honda Motor
Company, Japan said, “India is a key market for us and over the next three
years, HCIL will launch five important models including the Amaze.  To expand
our business in the country, we are starting our preparations to create new
capacity and are investing a total of Rs 2500 crore towards setting up of a new
assembly line for cars, a new diesel engine component production line and a
forging plant at Tapukara in Rajasthan. The Rajasthan plant will have an
installed capacity of 120,000 cars per year and will be ready to roll out its
first car next year.” 
The Tapukara production facility will be an integrated manufacturing plant
including all functions of Forging, Press Shop, Powertrain shop, Weld shop,
Paint shop, Plastic Moulding, Engine assembly, Frame assembly and Engine
Testing facility. 
About Honda Cars India Ltd 
Honda Cars India Ltd., (HCIL) leading manufacturer of passenger cars in India
was established in December 1995 with a commitment to provide Honda’s latest
passenger car models and technologies, to the Indian customers. 
HCIL has two state-of-the-art manufacturing facilities at Greater Noida, U.P
and Tapukara, Distt. Alwar, Rajasthan. 
The company's product range includes Honda Brio, Honda City, Honda Accord
and Honda  CR-V which are produced and assembled at the Greater Noida facility.
Honda's models are strongly associated with advanced design and
technology, apart from its established qualities of durability, reliability and
fuel-efficiency. 
The company has a strong sales and distribution network with 150 facilities in
97 cities spread across the country. 
About Honda 
Honda Motor Co., Ltd. (TSE:7267/NYSE:HMC/LSE:HNDA.L) is one of the leading
manufacturers of automobiles and power products and the largest manufacture of
motorcycles in the world. Honda has always sought to provide genuine
satisfaction to people worldwide. The result is more than 120 manufacturing
facilities in 30 countries worldwide, producing a wide range of products,
including motorcycles, ATVs, generators, marine engines, lawn and garden
equipment and automobiles that bring the company into contact with over 19
million customers annually. For more information, please visit
http://world.honda.com. 
Contact: 
Honda
Media Inquiries
corporate_pr@hm.honda.co.jp
+81-3-5412-1512 
Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net 
Provider ID: 00026554