Show Your Love By Sharing
Honda Motors' Thailand plant was destroyed completely during last month's Thai floods. Analysts now suggest that the Japanese car manufacturer will need approximately $650 million in order to restore their Thailand facility. This Honda Thailand plant in question here had over 1,000 ready to be delivered vehicles when the floods struck. In a matter of hours the entire facility was submerged in 10 feet deep water. Along with these 1,000 cars, entire manufacturing unit was destroyed.
The current condition of Honda plant located in Central Thailand is as good as completely destroyed. Honda will need to start from scratch in order to restore their Thailand facility back to life. Analysts suggest that Honda Motors will need more than a year to bring the destroyed Thailand facility up and running.
In the meantime, while Honda restores their Thailand facility, Honda's Indian unit will make up for the shortfall caused due to the shutdown of Thai plant. Mr Jnaneshwar Sen, Senior VP, Marketing Honda India, said, "We have been exporting mainly press parts and some engine components to countries like Argentina, Brazil, Taiwan, Indonesia, Malaysia and Philippines Earlier, Thailand used to cater to the demands of these markets."
