To invest Rs 300 cr in next 3 years
Honda Motorcycle & Scooter India (HMSI) is looking at initial production volume of about 2 lakh units for its all-new 100cc bike, slated for launch early next year.
HMSI is the wholly-owned arm of Honda Motor Co in India and by entering the 100cc bike segment, it would come in direct competition with sister company Hero Honda Motors (HHML).
But Shinji Aoyama, the president and CEO at HMSI, said, "We are not looking at a volume product (by entering the 100cc space)….we will do about 2 lakh units a year initially. The Hero Honda 100cc bikes are a very good means of transportation and we do not need to interfere with that."