Honda to stop production at one of two India plants
From Aditi Shah
NEW DELHI (Reuters) - Honda Motor Co has ceased production at one of its two automobile plants in India, the automaker announced on Wednesday, a country where sales of its vehicles have been under pressure from competitors.
The Japanese automaker has stopped producing cars at its plant in the Noida area near the capital New Delhi and will move all production to its second plant in the western state of Rajasthan, the company said in a statement.
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The company's local unit, Honda Cars India Ltd (HCIL), will manufacture all vehicles and components at its Tapukara plant in Rajasthan for all domestic sales and exports with immediate effect.
"India is an extremely important market in Honda's global strategy and HCIL is committed to bringing its latest and most advanced technology models, including electrified vehicles, to the future," said Gaku Nakanishi, President and CEO of Honda Cars India.
The plant in Tapukara has an installed capacity to produce 180,000 cars per year. Honda sold over 102,000 cars in India and exported nearly 4,000 vehicles in the fiscal year ended March 31, 2020.
(Reporting by Aditi Shah, Editing by Louise Heavens)
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