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HMSI to pump in Rs. 1,600 cr in FY18

 Agencies |  2017-08-13 16:22:18.0

HMSI to pump in Rs. 1,600 cr in FY18

Honda Motorcycle & Scooter India (HMSI) aims to invest Rs 1,600 crore during the current fiscal as it looks to introduce new models and expand operations.

The two-wheeler major, which plans to sell a total of 60 lakh units this fiscal, intends to add another 500 touch points during the period. Till June this year, the company had around 5,380 sales outlets across the country.
"With new models and capital expenditure on new fourth assembly line at the Narsapura plant, Honda will invest Rs 1,600 crore in the current fiscal year," HMSI Senior Vice President, Sales and Marketing, Yadvinder Singh Guleria told reporters here.

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