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Honda India to increase exports and parts sourcing

June 04, 2014, 04:46 PM IST by Ranjan R. Bhat
Honda India to increase exports and parts sourcing

Honda had recently announced that they were going to increase the production capacity at their Tapukara plant in the next seven to eight months. Now, Mr. Jnaneswar Sen, Sr. Vice President, marketing and sales, Honda Cars India Ltd. has revealed that they are planning to double the sourcing of auto components and engine parts during FY2015. 

HCIL currently has three manufacturing facilities in India located at Greater Noida in Uttar Pradesh and Bhiwadi and Tapukara in Rajasthan. Besides Honda’s cars, the Tapukara plant also churns out vehicle components like crank shafts, cylinder heads and transmissions which are exported to foreign markets such as South East Asia, Latin America and UK. This production capacity will be doubled to increase exports to over Rs 800 crore in 2014-15 from the Rs 420 crore HCIL achieved in the last fiscal.

Talking to PTI, Mr. Sen said, "We are targeting to increase our component exports and it will be nearly doubled. It will cross Rs 800 crore during the current fiscal."

Last month, HCIL shipped off 518 vehicles to its foreign markets. For 2014-15, the Japanese manufacturer has targeted exporting 10,000 units, up from 5,500 it managed in 2013-14. Talking about vehicle exports, Shigeru Yamazaki, senior vice president and director, sales and marketing, HCIL said, "We are looking to double car exports from India during this financial year. It should cross 10,000 units in 2014-15."

Honda will mark its entry into the lucrative MPV segment with the highly anticipated Mobilio. It was recently spotted testing in India and will be launched in July. The Mobilio is expected to give a huge boost to Honda’s sales numbers and the double shift at the Tapukara plant should help meet the car’s demand. Mr. Yamazaki said that the Mobilio might also be exported if the car has enough demand abroad.

Source: ET
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