Honda Vietnam to build third motorcycle production plant

Honda motor's, motorcycle and automobile sales unit, Honda Vietnam (HVN) is planning to build its $120m third motorcycle production plant in Ha Nam Province, Vietnam.

The new plant is part of company's plan to expand its total annual production capacity by 500,000 units in order to meet demand of the motorcycle market in the region.

HVN is expected to invest $120m in the new plant which is scheduled to become operational in the second half of 2012.

The third plant is expected to open in the second half of 2012 and increase HVN's annual production capacity to 2.5 million motorcycles from 2 million.

Since starting production in 1997, Honda Vietnam has produced 9.6 million motorcycles and its market share reached 64% last year.

Triumph Motorcycles to be launched in India

The iconic British motorcycle brand has announced its foray into the Indian market with its extensive range of premium models hitting the roads by next year. Triumph is one of the oldest motorcycle makers in the world and has been producing some of the finest machines for bikers all around the world. With international players entering the Indian market, Triumph too does not want to be left behind and has officially announced its entry into the country. For its Indian operations, Triumph has appointed Ashish Joshi as its Managing Director, who previously was heading the European operations for Royal Enfield and has a solid experience of sixteen years working in the in Asian and European markets.


Commenting on Triumph’s entry to the Indian market Nick Bloor, CEO of Triumph Motorcycles, UK said: “India is a very important motorcycle market and Triumph has assessed it carefully before deciding to step in. We see it as the next step in our global business model. The appointment of Ashish Joshi is a signal of our seriousness about success in India. I wish him the best and look forward to comprehensive growth from the Indian market.”
Source: zigwheels.com