Honda to export diesel engine components from India

Honda is making plans to export diesel engine elements from the Indian (domestic) market to global market zones comprising of European and Asian markets.

This comes at a time when the well known Japanese giant has queued up 3-4 diesel vehicles in order to improve its sale facts in the domestic market plus augment its market share.

Mr. Jnaneswar Sen, SVP, Honda Cars India stated, “We will export diesel engine components to the European as well as South East Asian zones from the Indian market.”

Honda Diesel Engine

During the existing financial year 2013-14, the main objective is to record an income of around Rs 500 crore as compared to Rs 332 crore recorded during the last fiscal (2012-13).

The Japanese automobile giant is betting high on its Rajasthan facility that is being constructed with a total investment of approximately Rs 2,500 crore and is likely to be functional by the mid of the coming year (2014).

Mr. Jnaneswar Sen stated that the auto firm stays positive regarding the triumph tale of diesel vehicles.

“Though the verdict to get rid of the subsidies on diesel by India took us by shocker however the demand for diesel cars will carry on increasing on a continuous basis,” he said.

As per reports, this will take the firm’s twelve-monthly (yearly) capacitance to 22.4 lakh vehicle units.

The company representative stated that the 4 fresh vehicles, the compact sport utility vehicle (SUV), 7 seater multi purpose vehicle (MPV), groundbreaking Jazz and City may be rolled out with 1.5 or 1.6-litre diesel engines along with petrol engines and is expected to be launched in next 2-3 years.

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