Honda cars India is planning a car manufacturing plant at Vithalapur in Gujarat. The capacity of the plant is likely to be in the range of 1 lakh to 1.25 lakh units per annum. Company will invest initially Rs 2,200 crore- Rs 2,500 crore and finally, the investment is likely to go up to Rs 4,000 crore. It is all set to sign a state support agreement (SSA) with Gujarat government in next three to four weeks.
Extracted from TNN, June 30,’15