“It is the responsibility of the global headquarter to allocate capacity...we would like to raise our hand (for more capacity),” he said.
HSMI expanded its India sales by over 22 per cent to 5.77 million units in 2017-18, higher than the industry growth of 15 per cent.
It produced a total of 6.1 million vehicles, of which 348,590 units were exported. Hero, the biggest player, sold 7.38 million units in the domestic market, growing at 14 per cent in 2017-18.
The company plans to launch a new model and upgrade 18 existing ones in 2018-19.
“India is always the number one contributor to Honda’s two-wheeler business... Moving ahead with the same momentum on the back of customer demand, we will invest close to Rs 8 billion as we aim for double-digit growth for the third consecutive year in a row as well,” Kato said.