According to Business Standard's Wednesday report, expansion is on the cards for HMSI - Honda Motorcycle and Scooter India. The 100 per cent subsidiary of the Japanese Honda Motor Corporation, the HMSI intends spending Rs 300 crore in the next three-year period.

Elaborating on the HSMI plans, on the sidelines of the launch of the company's upgraded scooter 'Activa', Naresh Kumar Rattan - the HSMI General Manger and Operating Head of Sales and Marketing - said: "The company, which has invested Rs 900 crore since its inception in 2001, will further invest around Rs 300 crore for expansion plans and to launch a new range of vehicles in the future."

Along with the launch of quite a few new models in the coming three years, the company is also planning to venture into the 100-CC motorcycle arena.

In addition, Rattan said part of the proposed amount earmarked for expansion will also be spent on upgrading the capacity of the company's Manesar plant. At present, the capacity of the plant is nearly 10 lakh units; and the company plans to improve the figures to 14 lakh over the next about eight months. The capacity will be further raised to 15 lakh units by the end of this financial year.