Chennai, March 27 (IANS) Two-wheeler major Honda Motorcycle and Scooter India on Friday said it will invest around Rs.5.8 billion on expanding the capacity of its Karnataka plant.
In a statement, the company said it would invest around Rs.5.8 billion at its Narsapura plant in Karnataka to increase the capacity to 2.4 million units before the end of 2016 from the current 1.8 million units.
Taking into account the company's upcoming 1.2 million unit's fourth plant at Gujarat, Honda Motorcycle's total capacity would go up to 6.4 million units during 2016-17.
"Honda is strengthening its 'Make in India' resolve through steady and strategic investments with a long term objective of creating 39 percent additional capacity within 3.5 years. We are planning to increase the number of associates in the plant by approximately 1,900," Keita Muramatsu, president and CEO was quoted as saying in the statement.
The World Bank on Tuesday slashed India's economic growth forecast for the current fiscal to 7.5
Delhi Police is trying to find the concrete evidence against Aftab Amin Poonawalla, accused of br
As the investigation into the blast outside the Israeli embassy in Delhi is progressing, new clue
Shraddha murder case accused Aftab was again brought to Rohini FSL for a polygraph test on Tuesda
All kinds of stories have been heard in the film industry regarding why director Imtiaz Ali's new
Chhattisgarh: 22 soldiers who died in Bijapur Naxalite attack
In Bijapur, Chhattisgarh, the number of soldiers killed in an encounter with Maoists on Saturday
Angered by not being allowed to play PUBG in Lucknow, a 16-year-old son shot and killed his mothe
Security forces killed two terrorists in Awantipora, Jammu and Kashmir, US-made rifle recovered
Security forces on Monday killed two terrorists in an encounter in Jammu and Kashmir's Awantipora
Akash Ambani: Akash Ambani is growing business tremendously, included in the 'Time100 Next' list
Time magazine has placed Akash Ambani, the elder son of well-known industrialist Mukesh Ambani an
The rescheduled Test match is to be played between India and England at the Edgbaston ground in B