Honda Motor spent an estimated 1,000 crore to acquire 380 acres in Gujarat to set up a manufacturing unit, as the Japanese automaker bets on the long-term potential of the Indian market despite its factories now producing fewer cars than what they are designed for.<\/p>\n
The new site is at Vithalapur, about 80 km north-west of Ahmedabad, where Honda last year opened a facility for two-wheelers. Honda Cars India bought land from individuals and completed transactions this month.<\/p>\n
The land acquisition comes as a surprise, as the company’s current facilities – at Greater Noida and Tapukura, Rajasthan – utilise just 60-70% of their combined production capacity of 2,40,000 vehicles. But with challenges of land acquisition and rising realty prices, it wants to derisk itself from future volatilities, people in the know said.<\/p>\n
<\/p>\n
Read more:\u00a0ET Auto<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Honda Motor spent an estimated 1,000 crore to acquire 380 acres in Gujarat to set up a manufacturing unit, as the Japanese automaker bets on the long-term potential of the Indian market despite its factories now producing fewer cars than what they are designed for. The new site is at Vithalapur, about 80 km north-west\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,11],"tags":[178],"class_list":["post-1242","post","type-post","status-publish","format-standard","hentry","category-city","category-others","tag-honda-motors"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1242"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1242\/revisions"}],"predecessor-version":[{"id":1252,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1242\/revisions\/1252"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}