Honda Motorcycle and Scooter India (HMSI), will soon set up its third two-wheeler manufacturing facility in Andra Pradesh with an investment of Rs.1,000 crore, a government official said.
“Honda wanted 100 acres of land for setting up the facility and we have shown them available land in Medak and Nalgonda districts close to Hyderabad,” Andhra Pradesh Industrial Infrastructure Corporation Managing Director B R Meena said.
Honda would invest Rs. 1,000 crore on the production facility in a phased manner of which Rs. 500 crore will come in the first phase.
HMSI currently has a two-wheeler manufacturing plant at Manesar in Haryana with an annual production capacity of 1.55 million units per annum while the second plant, with a production capacity of 6 lakh units, is coming up at Tapukara in Rajasthan.
The proposed manufacturing facility in Andhra Pradesh will be HMSI’s first in South India.