Made-In-India Honda Mobilio MPV might be exported
Honda Cars India Limited, the wholly owned subsidiary of Japanese car makers Honda has announced a slew of plans during 2014-15. For a start, the company will be expanding parts sourcing two fold to over INR 800 crores while exports from India across the globe during 2014-15 should cross the 10,000 unit mark.
During 2013-14, Honda clocked revenue to the tune of INR 420 crores from exports of components which they now aim at increasing to INR 800 crores. The company exports various components such as crank shaft, cylinder head and transmission from their plant in Tapukara, Rajasthan to markets such as South East Asia, Latin America and the UK.
Export of 5,500 vehicles during the past fiscal include the small Brio and Amaze sedan which were shipped to South Africa, Nepal and Bhutan while the Honda City also made its way to South Africa. The company now gears up for launch of the new Mobilio, a seven seater MPV in July. The Mobilio will also form part of the companyâ€™s export portfolio if there is demand. To be offered with both petrol and diesel engine options, Honda says the priority is always Indian market.
To meet increased targets, the company will be stepping up production from the Tapukara plant, adding a second shift to meet a two fold increase in sales of 2 lakh units. This will be followed by increase of installed capacities over the next 2-3 years targeting sales of 3 lakh units in 2016-17 and an endeavour to increase global sales to 60 lakh units.
via Economic Times