Honda Motorcycle & Scooter India (HMSI) has announced a significant expansion of its two-wheeler production capacity in India, a move that is expected to create more than 3,800 new jobs by 2028.
The investment underscores the Japanese automaker’s commitment to the Indian market, which remains a critical growth engine for its global two-wheeler business.
Reports indicate the parent company is considering issuing euro-denominated bonds totaling over 400 billion yen ($2.
Tsutsumu Otani, President and CEO of HMSI, highlighted the strategic importance of the expansion, noting that the increased capacity will help the company meet rising domestic demand and strengthen its competitive position against local rivals.
The initiative aligns with Honda’s broader strategy to localize production and reduce dependency on imports for key components.
This development comes as Honda Motor Co. explores alternative financing options to support its global supply chain.
Reports indicate the parent company is considering issuing euro-denominated bonds totaling over 400 billion yen ($2.47 billion) to finance payments to auto parts suppliers.