Amidst the scenario where the company is facing the situation of falling sales numbers in the Indian market, Honda Siel Cars India (HSCI) has recently announced that it will to invest Rs 300 crore in its second plant at Tapukara (Rajasthan) to make engine & transmission components (powertrain).

While the company said that the investment in developing engines and other important components will help the company cut its costs in the Indian market, it will also make its operations very much viable. HSCI president and CEO Takashi Nagai said that the company wants to cut costs and enhance financial yields via such efforts.

Moreover, Nagai also pointed out the fact that the company will constantly try and focus on more such components that play a vital role in the costing of the product.

It is to be mentioned here that the company had been importing such components from places like Thailand and Indonesia and is the industry experts are to be believed, then the spares made in India could be 15-20% cheaper compared to imported products.

Keeping in mind the importance of the Indian market, the company is also planning to establish a production base for critical components by leveraging the low-cost manufacturing here for our global operations.