Sept 4 (Reuters) - Honda Motor Co Ltd plans to
increase its motorcycle production capacity in India by 30
percent by 2016, aiming to catch up with market leader and
former joint venture partner Hero MotoCorp Ltd, the
The Japanese company will build a fourth plant, likely to be
in the western state of Gujarat, at a cost of about 20 billion
yen ($200.39 million), the business daily said.
Honda's output capacity in India will rise by 1.2 million to
5.8 million units once the plant starts producing, the Nikkei
said. Honda will hire 3,000 workers, it added.
($1 = 99.8050 Japanese yen)
(Reporting by Aditi Shrivastava in Bangalore; Editing by Don