Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

Honda Cars aims to commission second plant at Tapukara in Q2 FY17

Equitypandit_Honda

Honda India, has said that its brownfield expansion at Tapukara in Rajasthan is on course and plant worth Rs 380 crore would be commissioned in the second quarter that would be taking its total capacity to 3 lakh units from the present 2.4 lakh.

Honda Cars India President and Chief Executive Yoichiro Ueno has said that “We are on course with Tapukara expansion. The work would be completed in the summer of this year.”

In March 2015, Honda had announced the expansion of the Tapukara plant. The current plant possess a capacity of 1.20 lakh units that would go up to 1.80 lakh. The company also possess a 1.2 lakh units plant at Greater Noida.

Moreover, this expansion is a part of the Rs 2,500-crore capex it had announced in 2013.

Read EquityPandit’s Technical Analysis on Nifty Auto 

Get Daily Prediction & Stocks Tips On Your Mobile