Honda Plans to Quadruple India Two-Wheeler Deliveries by 2020

Honda Motor Co. is seeking to quadruple motorbike and scooter sales in India by 2020 and overtake former partner Hero MotoCorp Ltd., as rising incomes in rural areas boost demand for personal transportation.

Honda plans to introduce a two-wheeler model every three months and expand its dealerships to reach about 10 million in sales, or a third of the 30 million-unit market by 2020, according to Tatsuhiro Oyama, senior managing officer in charge of motorcycle operations. The Tokyo-based company's Indian deliveries rose 40 percent last year to 2.52 million units. 

http://www.bloomberg.com/news/2013-02-13/honda-plans-to-quadruple-india-two-wheeler-deliveries-by-2020.html

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