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Honda to raise motorbike output capacity in Vietnam to 2 mln
Honda Motor Company said on June 29 that it will boost its annual motorcycle production capacity in Vietnam to 2 million units by the second half of 2011, from the current 1.5 million units, in light of robust sales growth in the Southeast Asian nation.
Honda Vietnam Company, near Hanoi , will invest some 70 million USD, or about 6.3 million JPY, in the production expansion, Kyodo news agency said, citing the company as its source.
Ever since Honda’s Vietnamese unit was founded in 1996, its motorbike sales have risen consistently and the company controlled 63 percent of the Vietnamese motorbike market last year, according to Honda.
In 2009, overall motorcycle sales in Vietnam jumped some 20 percent from a year earlier to 2.26 million as the world’s fourth largest motorbike market after China, India and Indonesia, the company added.
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