Honda will build a second assembly plant in India
- Honda accounts today for 2% of automobile production in India, far behind the four leaders: Suzuki: 30%, Tata: 21%, Hyundai-Kia: 16%, Mahindra: 8%. The Honda vehicle leader on the Indian market is the low-cost vehicle Honda Brio, a competitor of Toyota Etios.
- Honda announced that, in order to increase its position in India, it would build a second assembly plant, a project that he had suspended because of the 2008-2009 financial crisis. After having set up a first assembly plant and several automotive component factories, Honda plans to integrate the new assembly plant into its Tapakura site , in the state of Rajasthan, in 2014. The production of this new assembly plant will reach 120,000 units per year, double the current total currently produced in the first assembly plant.
- The carmaker will also launch five new vehicles in the next two or three years to strengthen its position in India.
