Honda Motor Co.’s Vice President for Sales, Mr. Naresh Kumar Rattan, quoted that Honda Motor is planning to expand its dealerships and service outlets in India by 25 percent. The automaker is also planning to introduce new models to boost its sales in the country, reported Bloomberg.
Mr. Rattan stated that after splitting from its former partner Hero Motor Corp Ltd. in March 2011, Honda is going to increase its solo operations in the country and has plans to focus on its fully owned local units. The company will spend approximately Rs. 1000 crore on its third factory near Bangalore (Karnataka), which will be operative by 2013. Mr. Rattan also added that the company might introduce a new 100-cc bike model in India in the year 2012. According to him, India is a significant market for Honda, especially in motorcycles. Sales of 100-cc motorbikes in India account for around 50 percent of the total 90,20,000 bike sales in India. Honda sold 15,00,000 million two-wheeler units in India in 2010. The company will also launch a new scooter and a new motorbike in India in 2011.