[1]Kolkata: Honda Cars India Ltd will export diesel engine components to Asian and European markets from India, besides lining up three-four new models of cars with diesel engines to boost its sales.
“We will export diesel engine components to Europe and South East Asian markets from India. This fiscal, the target is Rs 500 crore against Rs 332 crore registered in 2012-13,“ Honda Cars India senior vice president, Jnaneswar Sen said here on Monday at the launch of its new sedan, Amaze, in the city.
Sen said the company remains optimistic about the success story of diesel cars. Though the decision to remove the subsidies on diesel by India took us by surprise but demand for diesel cars will continue, he said.
He said the four new models in compact SUV -seven seater multi-purpose vehicle, new Jazz and new City — expected to be launched in the next twothree years, may be introduced with 1.5 or 1.6 litre diesel engines along with petrol variant.
He did not wish to predict on the volatile car market, but said the capacity of the company in India will double to 2.4 lakh units with the new Rajasthan plant built at a cost of Rs 2,500 crore, which is expected to become operational by mid 2014.
Earlier, during the launch of Amaze in Hyderabad, Sen had said, “The government should create a level playing field for the auto industry in the country. The India-EU free trade agreement is going to remove that level playing field. Europe (automobile market) is not growing now. It is only de-growing.
It is very easy for some of them to sell the same cars here,” he said on the proposed India-EU free trade agreement.
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