NEW DELHI: Japanese auto giant Honda is considering increasing the supply of Indian components for its international operations. The company is targeting to export components worth Rs 1, 400-1, 500 crore this fiscal. This is almost double the exports of two years ago (around Rs 700) crore).

“India has a competitive advantage in terms of quality and cost,” said Honda Cars India Limited (HCIL) Raman Kumar Sharma. Thanks to this, the company can export to developed markets such as the UK, Turkey and automobiles. Canada, the US and even Japan.

Sharma said, “We have been exporting a large number of components from India, both in terms of volume and type of products, and the domestic market in India is also very large, which makes India a viable destination for manufacturing investments.”

Honda has been gradually increasing its exports of automotive components to India over the past few years. The annual exports of spare parts were Rs. 4.2 billion in 2013-14, which increased to Rs. 7.22 billion in 2014-15 and Rs. 10 billion in 2015-16.

From our plant in Tapukara, Rajasthan, we ship engine parts, forgings, gearboxes to many global business locations such as Japan, Thailand, Malaysia, Indonesia, Philippines, Taiwan, Vietnam, UK and Turkey. Brazil and Mexico. In the last fiscal year, the company started exporting parts from India to its operations in the US, China and Canada.

Honda Motor Company’s Tapu Coke diesel parts production line was 83% open last year despite low demand in the domestic market. The company’s production line can produce up to 240,000 units per year. We have increased the capacity to 300,000 units per annum and plan to secure additional capacity in the near future.

Sharma made it clear that fluctuations in the demand cycle for gasoline and diesel vehicles do not guarantee an immediate increase in exports to offset the risk. He said, “We have a flexible production line at Tapukara and are taking corrective measures to launch more gasoline vehicles.”

Honda India’s sales grew 2% to 1,92,059 units in the last fiscal due to a sudden change in customer preference for petrol-powered cars. HCIL has set a target of selling 30 yr lakh units annually by 2017 India. Today, the company is relying on the BR.-V to enter India’s fast-growing entry-level SUV In order to increase sales and strengthen its presence in the Indian market. Deep. 7 minutes.