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India Front Line Report
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2014-01-31 ArtNo.44815
◆Honda buys land for fourth unit in Gujarat
【Ahmedabad】Honda Motorcycle and Scooter India Pvt Ltd (HMSI), a 100 per cent subsidiary of Honda Motor Corporation, Japan, recently bought 200 acres in the Mandal region near the site of the proposed Maruti Suzuki plant near here to set up a fourth manufacturing unit in the country.
 The company plans to invest upwards of Rs 1,000 crore on the project, say sources in the state government. According to state government sources, the company has bought private land of around 200 acres at Rs 15-20 lakh an acre.
 HMSI also filed an Industrial Entrepreneurial Memorandum with the department of industrial policy and promotion in the Union ministry of commerce & industry on January 8 for a unit to manufacture scooters and scooterettes in Gujarat.
【News source】

Honda buys land for fourth unit in Gujarat

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