Honda to set up second plant in Thailand
Honda, which is committed to building a small car for India - smaller than the Jazz hatchback it plans to launch in India by mid-2009 - is already setting up a new plant in Thailand. At this plant, it’s second facility in that country, Honda will be making an all-new small car that will be sold in Thailand and also exported to Europe and Australia.
Honda has invested the equivalent of US$180 million in this new production facility, which is located next to its existing car plant in Ayutthaya, in Thailand. With an initial capacity of 120,000 units per annum, production at this plant is expected to begin by the end of this month.
The new Honda plant will be the first to operate under Thailand’s ‘eco car’ program, and will qualify for significant tax incentives. A total of seven eco-car plants have been approved by the Thai government so far, with Ford and Nissan scheduled to start production in late 2009.
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