HMSI to make India as its Export Hub
India’s largest scooter manufacturing company, HMSI (Honda Motor Scooter India Ltd.) is in process of making India as its export hub as reported by CNBC TV18. The company is in process of making roadmap for how it will make India as its export hub in the next two three years. The company has rearranged some senior management positions for the purpose of making India as its export hub. There are four new positions created out of which one will solely focus on exports. The company has also appointed some senior advisers from Japan for the same.
Honda Motor Corporation has already declared that it’s bullish on India and planning to have major pie of growth from India operations. There has been also news about potential merger of its two entities HSMI and HSCI in India. HMSI’s plan to make India as its export hub is in response of the same strategy. It has already declared that it wants to become number 1 in India by 2020.
HMSI will start exporting in bulk once its third facility at Karnataka in India will become fully operational. This is third plant of HMSI after Manesar, Gurgaon and Tapukara Industrial Area of Rajasthan. Currently it has 2.8 million units installed capacity in these two plants and its third plant will add another 1.2 million units capacity which will make total capacity of 4 million units. The first phase of the plant is expected to be operational by the first half of 2013.
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