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Honda Motorcycles and Scooter India, (HMSI), a fully owned subsidiary of Honda Motor Corporation, Japan, on Wednesday said it proposed to invest Rs 300 Crore as part of its expansion plans in India over the next three years.

The investment would also include up-gradation of the plant capacity in Manesar, HMSI General Manager-Operating Head (Sales and Marketing) Naresh Kumar Rattan told reporters here.

“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,” he said, speaking on the sidelines of the launch of Honda’s upgraded scooter ‘Activa’.

He said the plant currently has a capacity of around 10 Lakh units, which would be increased to 14 Lakh in six to eight months. “By the end of this financial year, the plant will have a capacity of 15 Lakh units”, Rattan said.

The company planned to enter the 100 CC motorcycle category this year and to launch various models in three years, he added.

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