While a world-wide recession has slowed
motorcycle sales and production in North America, Europe, and other
places, India seems to have no such problem.
Honda has announced that it will build
a second motorcycle factory there and that 2,000 people will work in
it. Cost: about $100 million Cdn.
Growing demand in India for Honda’s
motorcycles has prompted the move, and Honda says it could double
production in the plant if necessary. Once the factory is on-line
late in 2011, it will make about 600,000 motorcycles a year, and
Honda’s total production in India will be 2.2 million vehicles a
year. The plant will be located near Delhi.
There’s only one other market of
comparable size for makers of motorcycles and other good things —
China, and sales of just over a million motorcycles there in 2009 set
a ninth straight record and were up 11 per cent over 2008 sales,