Honda to invest Rs 920 crore in new production line at Vithalapur plant
Ahmedabad: Honda Motorcycle & Scooter India Private Limited (HMSI) on Thursday announced it will invest Rs 920 crore to expand its manufacturing capacity at the Vithalapur plant in Gujarat by adding a fourth production line.
Tired of too many ads? go ad free now
This will increase the two-wheeler plant's capacity by 6.5 lakh units, taking the total capacity to 26.1 lakh units by 2027. The expansion will make it Honda's largest motorcycle assembly plant globally.
The new line will focus on manufacturing 125cc class motorcycles and is expected to generate 1,800 new jobs in the region. Once operational, the new line will help boost HMSI's total annual production capacity across its four Indian plants from the current 61.4 lakh million units to nearly 70 lakh units.
T
sutsumu Otani, president and CEO of HMSI, said, "Honda has long been investing and expanding its production capacity in India to bring joy to its customers. With the additional investment in our fourth plant, Honda will continue to deliver attractive products and services to its customers around the world who have higher expectations and trust in the company and further solidify its Indian motorcycle business.
"
The Vithalapur facility began operations in Feb 2016 with a production capacity of 6 lakh units. Within months, in June 2016, capacity doubled with a second line. A third line, commissioned in Jan 2024, pushed annual output to 19.6 lakh units.
This April, HMSI celebrated a major production milestone, crossing 7 crore units since starting operations in 2001. Nearly 30,000 units are exported from the Vithalapur unit every year.
Tired of too many ads? go ad free now
These achievements comes on the back of sustained demand for its popular models, including the Activa, Dio, Unicorn, and its newly launched electric variants like the Activa e: and QC1.
HMSI, a wholly owned subsidiary of Honda Motor Co., Japan, began operations in 2001 and is headquartered in Manesar, Haryana. The company currently employs around 23,000 people across its four plants located in Haryana, Rajasthan, Karnataka, and Gujarat.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
13 minutes ago
- Business Standard
ITR-1, ITR-4 utilities released: How to use them for easier tax filing
The Income Tax Department has released the excel utilities for ITR-1 and ITR-4 forms for the Assessment Year 2025-26. With this move, salaried individuals, freelancers, small business owners, and pensioners can now file their income tax returns for income earned during FY 2024-25. The utilities are available on the official income tax e-filing portal ( and they allow taxpayers to fill and file their returns offline before uploading them on the portal. Who can use ITR-1 and ITR-4? These two forms cater to a large number of individual taxpayers: · ITR-1 (Sahaj): For resident individuals with total income up to Rs 50 lakh from salary, one house property, interest income, or pension. · ITR-4 (Sugam): For individuals, HUFs, and firms (other than LLPs) with income up to Rs 50 lakh from business or profession under presumptive taxation. What is excel utility? The excel utility is an offline tool that helps taxpayers fill in the required details for their returns even without an internet connection. Once filled, the file can be validated and uploaded to the income tax portal. How to use excel utility? Follow these basic steps: 1. Download the excel utility for ITR-1 or ITR-4 from 2. Enable macros in excel to ensure smooth functioning. 3. Fill in the required income, deduction, and tax payment details. 4. Validate the information using the built-in features. 5. Generate the JSON file from the utility. 6. Login to the income tax e-filing portal and upload the JSON file. Key dates and reminders · Last date to file ITR-1 and ITR-4: September 15, 2025 (Extended from July 31 this year due to structural changes in forms) · Always keep your income documents, TDS certificates, Form 26AS, and AIS ready before filing. Why the delay in release? Although the forms were notified on April 29, 2025, the release of the utilities took about a month. According to PTI, the department said this was due to 'structural and content revisions' in the forms, which required additional development and system integration time. For many individuals, especially those without complex income, the excel utility offers a simple way to comply with tax obligations. Make sure to file well before the deadline to avoid last-minute errors. (with agency inputs)
Mint
17 minutes ago
- Mint
Does an NRI providing consultancy to Indian firms need to file income tax return?
-Name withheld on request As a non-resident providing consultancy services related to China market entry to Indian companies, if your only source of income from India is consultancy fees and the full tax liability has been met through the appropriate TDS in India, then you are not obligated to file an income tax return in India. This applies only if Indian companies deduct TDS at the applicable domestic tax rate of 20% (plus any surcharge and cess), without considering the provisions of the DTAA. However, if you intend to claim the benefits under the India-Hong Kong DTAA, whereunder such consultancy income may not be taxable in India due to the absence of a fixed base or physical presence in India for providing the services, then you will need to file an income tax return in India if your income exceeds the basic exemption limit. To avail the DTAA benefits, you must obtain a Tax Residency Certificate (TRC) from the Hong Kong tax authorities and submit Form 10F along with other necessary documents. -Name withheld on request Under the Indian income tax provisions, self-occupied property is a concept which refers to house properties that are typically occupied by the owners for residential purpose and therefore, the annual value of such property is considered as 'nil' and not chargeable to tax. This benefit is available on two such house properties. Prior to the Finance Act, 2025, this benefit was available only if the property was actually used by the owner as their residence or if the owner was unable to occupy it due to employment, business, or profession being carried out at another location, and the owner resided at the other location. However, following the 2025 amendment, the requirement to justify the non-occupation due to employment, business, or profession has been removed. Now, a taxpayer, including an NRI residing abroad, can claim the annual value as 'Nil' for up to two properties, regardless of the reason for non-occupation. Accordingly, in your case, you may treat both the houses, where your parents reside, and the second vacant property as self-occupied in your Indian income tax return. Therefore, the annual value of both properties will be considered 'Nil', resulting in no taxable income under the head 'Income from House Property'. However, if you acquire a third property, one of the three will be deemed to be let out, and a notional rental income (based on expected rent) will become taxable in India. Harshal Bhuta, partner, P. R. Bhuta & Co. CAs
Time of India
22 minutes ago
- Time of India
CDSL share price: Stock rebounds significantly; surges 60% from March lows
Trendlyne data indicates CDSL shares have appreciated by 60.86% over the past year. (AI image) CDSL share price: CDSL stock has shown a remarkable recovery, rising 60.4% from its March low of Rs 1,047.5, to reach a high of Rs 1,680 on Monday. The stock demonstrated robust positive movement, with a notable 9.8% increase by 2:40 pm in the current trading session. Trading activity was substantial on Monday, with 152.99 lakh shares exchanged on the NSE by 2:30 pm, representing a traded value of Rs 2,496.21 crore. The company's market capitalisation stood at Rs 34,903 crore, according to an ET report. The financial services company has successfully moved above all its significant daily moving averages, indicating sustained positive momentum. Trading exclusively on the NSE, the stock previously reached Rs 1,989 on December 17, 2024. Subsequently, it experienced a significant decline, falling below crucial daily moving averages. CDSL Q4 Performance CDSL experienced a decline in net profit, dropping 22% YoY to Rs 100.39 crore in Q4FY25. The company's operational revenue decreased by 6.7% YoY, reaching Rs 224.45 crore, down from Rs 240.49 crore in the previous year. The organisation's total income reduced to Rs 267.37 crore compared to Rs 255.77 crore in the same period last year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Зачем на ночь сжигают лавровый лист? Undo Additionally, total expenses rose to Rs 129.40 crore from Rs 100.90 crore. Share Performance Analysis Trendlyne data indicates CDSL shares have appreciated by 60.86% over the past year. The company's stock value increased by 2.03% in the previous six months and recorded a 50.98% growth in the three-month period. The shares demonstrated a 26.72% increase over the last month. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
