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|20th February 2017, 11:18||#1|
Join Date: Nov 2009
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Honda Cars to set up new plant in Gujarat
Honda acquires land in Gurarat for 1000 Cr to setup a new plant.
Source - ET.
I wonder why would they do this. Their Rajasthan plant is far from running at full capacity, and we do not see a large volume growth specially considering they are going more premium now(with their pricing strategy).
Could this be for exports from India?
|21st February 2017, 20:58||#2|
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Re: Honda Cars to set up new plant in Gujarat
I guess Honda is seeing this as an investment (in land) rather than an expense. This move looks like it's a part of long term India business plan.
The next brio platform will be ready in 2018 and it will be global platform. If that becomes a super-hit (like Honda City), then all that excess capacity will vanish in no time.
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