TL;DR
HMSI is significantly ramping up its motorcycle exports from India, aiming to become a global manufacturing hub and diversify revenue streams by targeting international markets like Latin America and ASEAN.
Honda Motorcycle & Scooter India (HMSI) is significantly bolstering its export operations, leveraging its manufacturing prowess in India to cater to a growing demand in international markets. With a focus on strengthening its position as a global manufacturing hub, HMSI is expanding its export portfolio to include a wider range of models across various engine capacities. This strategic push not only boosts 'Make in India' initiatives but also diversifies HMSI's revenue streams, mitigating reliance solely on the domestic market. The company aims to ship over 300,000 units this fiscal year, focusing on regions like Latin America, ASEAN, and SAARC countries. This move signifies India's increasing importance in the global two-wheeler supply chain and Honda's commitment to consolidating its international manufacturing footprint, with India at its core.